Commercial Real Estate Market in Cranford, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 312 off-market properties in Cranford, NJ. Commercial property asks $1,009/SF to buy and $28.32/SF/Yr to lease.
Market Trends
Cranford, NJ spans 4.7 square miles in Union County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cranford, NJ asks $283/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 Cranford, NJ asks $403/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 Cranford, 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 space in Cranford, NJ asks $288/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 85.9%
- Industrial 6%
- Commercial 3%
- Open space 1.6%
- Residential 1.2%
- Mixed use 1.1%
Largest Zones share of zoned land by district
One Family Detached Residence
One Family Detached Residence
One Family Detached Residence
One Family Detached Residence
One And Two Family Detached Residence
One Family Detached Residence (R-4)
Nonconforming lot. Notwithstanding any other provisions of this article, any existing nonconforming lot in the R-1, R-2, R-3, R-4 or R-5 Zone which is in single ownership, is not adjoining any vacant land and is nonconforming due to shape, width or area may be improved with a new structure or building as otherwise permitted by this chapter, provided that: (a…
Market overview
Demographics & Economy
Cranford, NJ has 23,827 residents in 9,619 households. Density runs 5,021 people per square mile. Median household income here is $148,629 and median gross rent $2,116 a month.
23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,021
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garwood | — | — |
| Kenilworth | — | — |
| Roselle Park | — | — |
| Roselle | — | — |
Commercial property in Cranford, NJ asks $1,009/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cranford?
Commercial property in Cranford, NJ asks an average of $1,009 per square foot. Retail carries the highest asking price at $403/SF.
How much does it cost to lease commercial space in Cranford?
Asking lease rates in Cranford, NJ average $28.32 per square foot per year.
Where does Realmo's Cranford market data come from?
Realmo compiles Cranford, NJ figures from 8 recent recorded sales, 15 active sale listings, 25 active lease listings, 312 tracked off-market properties, the current Cranford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 25 active for-lease listings in Cranford, 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: 3,093 zoned acres across 28 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
