Commercial Real Estate Market in Florham Park, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 219 off-market properties in Florham Park, NJ.
Market Trends
Florham Park, NJ spans 6.7 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Florham Park, 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 Florham Park, 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 Florham Park, 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 Florham Park, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Florham Park, NJ has 11,036 residents in 4,880 households. Density runs 1,639 people per square mile. Median household income here is $147,009 and median gross rent $3,009 a month.
11,036
Population
4,880
Households
2.3
Avg Household Size
46
Median Age
66%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
1,639
Density / Sq Mi
$147,009
Median Household Income
$73,591
Median Earnings
$3,009
Median Rent
$719,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Hanover | — | — |
| Madison | — | — |
| Whippany | — | — |
| Livingston | — | $30.27 |
Commercial property in Florham Park, NJ asks $3,861/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Florham Park?
Commercial property in Florham Park, NJ asks an average of $3,861 per square foot. The 5 most recent recorded sales traded at a median of $301/SF, so asking sits 1184% above the achieved median. Retail carries the highest asking price at $325/SF.
Where does Realmo's Florham Park market data come from?
Realmo compiles Florham Park, NJ figures from 8 recent recorded sales, 5 active sale listings, 25 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 5 active for-sale and 25 active for-lease listings in Florham Park, 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, 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
