Commercial Real Estate Market in Fanwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 70 off-market properties in Fanwood, NJ.
Market Trends
Fanwood, NJ spans 1.3 square miles in Union County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Fanwood, 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 Fanwood, 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 Fanwood, 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 Fanwood, 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
- Residential 93%
- Commercial 3%
- Industrial 2.3%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Residential
Residential
Commercial Corridor District West
Commercial Corridor District East
Commercial Corridor District Central
Fanwood, NJ zones 863 acres across 12 districts. Commercial zoning covers 3% of zoned land, residential 93% and industrial 2.3%. The largest single district is Residential at 80.2%. For commercial buyers the practical constraint is that only 5.3% of land carries a commercial or industrial designation.
Residential (R-75)
R-75 (Residential Zone). The R-75 Zone is designed to provide a suitable environment for one-family dwelling units at a higher density than the R-150 Zone. C. CC (Commercial Corridor). The Commercial Corridor Zone is comprised of the following districts: Commercial Corridor Western (CC-W); Commercial Corridor Central (CC-C); and Commercial Corridor Eastern (…
Market overview
Demographics & Economy
Fanwood, NJ has 7,774 residents in 2,783 households. Density runs 5,803 people per square mile. Median household income here is $176,667 and median gross rent $2,368 a month.
7,774
Population
2,783
Households
2.8
Avg Household Size
41
Median Age
71%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
5,803
Density / Sq Mi
$176,667
Median Household Income
$103,972
Median Earnings
$2,368
Median Rent
$610,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scotch Plains | — | — |
| North Plainfield | — | — |
| Westfield | — | $29.59 |
| Mountainside | — | $17.03 |
Frequently Asked Questions
What zoning applies to commercial property in Fanwood?
Fanwood, NJ zones 863 acres across 12 districts, of which 3% is commercial and 2.3% industrial. The largest single district is Residential at 80.2% of zoned land. R-75 (Residential Zone). The R-75 Zone is designed to provide a suitable environment for one-family dwelling units at a higher density than the R-150 Zone. C. CC (Commercial Corridor). The Commercial Corridor Zone is comprised of the following districts: Commercial Corridor Western (CC-W); Commercial Corridor Central (CC-C); and Commercial Corridor Eastern (… Residential zoning covers 93% and open space 0%.
Where does Realmo's Fanwood market data come from?
Realmo compiles Fanwood, NJ figures from 2 recent recorded sales, 1 active sale listings, 1 active lease listings, 70 tracked off-market properties, the current Fanwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 1 active for-lease listings in Fanwood, 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: 863 zoned acres across 12 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
