Commercial Real Estate Market in Dover, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 819 off-market properties in Dover, NJ. Commercial property asks $608/SF to buy and $15.99/SF/Yr to lease.
Market Trends
Dover, NJ spans 36.0 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Dover, 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 Dover, 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 Dover, 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 Dover, 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 69.8%
- Industrial 17.1%
- Civic 2.8%
- Commercial 2.5%
- Open space 0.8%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Single Family
Double Family
Single Family
Industrial
Single Family And Steep Slope
Dover, NJ zones 1,748 acres across 20 districts. Commercial zoning covers 2.5% of zoned land, residential 69.8%, open space 0.8% and industrial 17.1%. The largest single district is Single Family at 29.2%. For commercial buyers the practical constraint is that only 19.6% of land carries a commercial or industrial designation.
Single Family (R-2)
R-1 and R-2 Single-Family Districts. A. Principal uses. Principal uses shall be as follows: (1) Single-family dwellings. (2) Parish houses and rectories. (3) One rooming unit in a single-family dwelling, rented or leased in that single-family dwelling by a senior citizen, as defined in N.J.S.A. 40:55D-68.5, who is the owner of the single-family dwelling whic…
Market overview
Demographics & Economy
Dover, NJ has 55,943 residents in 20,029 households. Density runs 1,556 people per square mile. Median household income here is $123,745 and median gross rent $1,768 a month.
55,943
Population
20,029
Households
2.8
Avg Household Size
40
Median Age
45%
College-Educated
89%
High-School Grad
36 sq mi
ZIP Area
1,556
Density / Sq Mi
$123,745
Median Household Income
$58,719
Median Earnings
$1,768
Median Rent
$494,060
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Victory Gardens | — | — |
| Wharton | — | — |
| Mine Hill | — | — |
| Rockaway | — | — |
Commercial property in Dover, NJ asks $608/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dover?
Commercial property in Dover, NJ asks an average of $608 per square foot. The 5 most recent recorded sales traded at a median of $300/SF, so asking sits 102% above the achieved median. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Dover?
Asking lease rates in Dover, NJ average $15.99 per square foot per year.
What zoning applies to commercial property in Dover?
Dover, NJ zones 1,748 acres across 20 districts, of which 2.5% is commercial and 17.1% industrial. The largest single district is Single Family at 29.2% of zoned land. R-1 and R-2 Single-Family Districts. A. Principal uses. Principal uses shall be as follows: (1) Single-family dwellings. (2) Parish houses and rectories. (3) One rooming unit in a single-family dwelling, rented or leased in that single-family dwelling by a senior citizen, as defined in N.J.S.A. 40:55D-68.5, who is the owner of the single-family dwelling whic… Residential zoning covers 69.8% and open space 0.8%.
Where does Realmo's Dover market data come from?
Realmo compiles Dover, NJ figures from 6 recent recorded sales, 27 active sale listings, 8 active lease listings, 819 tracked off-market properties, the current Dover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 8 active for-lease listings in Dover, 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: 1,748 zoned acres across 20 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
