Commercial Real Estate Market in Chatham, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 221 off-market properties in Chatham, NJ. Commercial property asks $618/SF to buy and $28.00/SF/Yr to lease.
Market Trends
Chatham, NJ spans 9.3 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Chatham, NJ asks $200/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Chatham, NJ asks $325/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Chatham, NJ runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Chatham, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 70.8%
- Open space 16.3%
- Industrial 7.4%
- Commercial 5.5%
Largest Zones share of zoned land by district
Residential District
Residential District
Conservation District
Residential District
Industrial District
Chatham, NJ zones 1,442 acres across 21 districts. Commercial zoning covers 5.5% of zoned land, residential 70.8%, open space 16.3% and industrial 7.4%. The largest single district is Residential District at 34.6%. For commercial buyers the practical constraint is that only 12.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Chatham, NJ has 19,778 residents in 6,837 households. Density runs 2,136 people per square mile. Median household income here is $236,000 and median gross rent $2,441 a month.
19,778
Population
6,837
Households
2.9
Avg Household Size
42
Median Age
83%
College-Educated
99%
High-School Grad
9.3 sq mi
ZIP Area
2,136
Density / Sq Mi
$236,000
Median Household Income
$101,563
Median Earnings
$2,441
Median Rent
$965,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chatham Township | — | — |
| Summit | — | $28.17 |
| Madison | — | — |
| New Providence | — | — |
Commercial property in Chatham, NJ asks $618/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chatham?
Commercial property in Chatham, NJ asks an average of $618 per square foot. The 4 most recent recorded sales traded at a median of $512/SF, so asking sits 21% above the achieved median. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Chatham?
Asking lease rates in Chatham, NJ average $28.00 per square foot per year.
What zoning applies to commercial property in Chatham?
Chatham, NJ zones 1,442 acres across 21 districts, of which 5.5% is commercial and 7.4% industrial. The largest single district is Residential District at 34.6% of zoned land. Residential zoning covers 70.8% and open space 16.3%.
Where does Realmo's Chatham market data come from?
Realmo compiles Chatham, NJ figures from 5 recent recorded sales, 10 active sale listings, 3 active lease listings, 221 tracked off-market properties, the current Chatham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 3 active for-lease listings in Chatham, NJ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,442 zoned acres across 21 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
