Commercial Real Estate Market in Chester, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 188 off-market properties in Chester, NJ. Commercial property asks $114/SF to buy and $18.26/SF/Yr to lease.
Market Trends
Chester, NJ spans 25.4 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Chester, 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 Chester, 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 Chester, 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 Chester, 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 79.4%
- Civic 10.5%
- Commercial 4.5%
Largest Zones share of zoned land by district
Low Density Residential
High Density Residential
Residential Planned Low Density
Regional Commercial Business
Office Professional
Chester, NJ zones 1,021 acres across 14 districts. Commercial zoning covers 4.5% of zoned land, residential 79.4%. The largest single district is Low Density Residential at 38.7%. For commercial buyers the practical constraint is that only 4.5% of land carries a commercial or industrial designation.
Residential Planned Low Density (R-PLD)
For lands within the R PLD Zone with a history of prior industrial use, the applicant shall submit copies and/or summaries of all environmental investigations and studies conducted for the tract. In addition to addressing the inventory of existing environmental conditions required in § 163-66 , the applicant shall provide a Phase I environmental assessment f…
Market overview
Demographics & Economy
Chester, NJ has 8,514 residents in 2,849 households. Density runs 335 people per square mile. Median household income here is $237,609 and median gross rent $1,404 a month.
8,514
Population
2,849
Households
3
Avg Household Size
45
Median Age
69%
College-Educated
99%
High-School Grad
25.4 sq mi
ZIP Area
335
Density / Sq Mi
$237,609
Median Household Income
$95,167
Median Earnings
$1,404
Median Rent
$758,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gladstone | — | — |
| Ironia | — | — |
| Roxbury Township | — | — |
| Mendham | — | — |
Commercial property in Chester, NJ asks $114/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chester?
Commercial property in Chester, NJ asks an average of $114 per square foot. The 3 most recent recorded sales traded at a median of $309/SF. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Chester?
Asking lease rates in Chester, NJ average $18.26 per square foot per year.
What zoning applies to commercial property in Chester?
Chester, NJ zones 1,021 acres across 14 districts, of which 4.5% is commercial and 0% industrial. The largest single district is Low Density Residential at 38.7% of zoned land. Residential zoning covers 79.4% and open space 0%.
Where does Realmo's Chester market data come from?
Realmo compiles Chester, NJ figures from 7 recent recorded sales, 5 active sale listings, 4 active lease listings, 188 tracked off-market properties, the current Chester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 4 active for-lease listings in Chester, 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: 1,021 zoned acres across 14 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
