Commercial Real Estate Market in East Hanover, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 219 off-market properties in East Hanover, NJ. Commercial property asks $308/SF to buy and $9.29/SF/Yr to lease.
Market Trends
East Hanover, NJ spans 7.9 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in East Hanover, 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 East Hanover, 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 East Hanover, 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 East Hanover, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
East Hanover, NJ has 11,105 residents in 4,162 households. Density runs 1,410 people per square mile. Median household income here is $144,792 and median gross rent $2,745 a month.
11,105
Population
4,162
Households
2.7
Avg Household Size
48
Median Age
55%
College-Educated
95%
High-School Grad
7.9 sq mi
ZIP Area
1,410
Density / Sq Mi
$144,792
Median Household Income
$73,048
Median Earnings
$2,745
Median Rent
$668,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Florham Park | — | — |
| Whippany | — | — |
| Livingston | — | $30.27 |
| West Caldwell | — | — |
Commercial property in East Hanover, NJ asks $308/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in East Hanover?
Commercial property in East Hanover, NJ asks an average of $308 per square foot. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in East Hanover?
Asking lease rates in East Hanover, NJ average $9.29 per square foot per year.
Where does Realmo's East Hanover market data come from?
Realmo compiles East Hanover, NJ figures from 7 recent recorded sales, 10 active sale listings, 18 active lease listings, 219 tracked off-market properties. 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 18 active for-lease listings in East Hanover, 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.
- 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
