Commercial Real Estate Market in Fort Lee, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
72 active listings and 393 off-market properties in Fort Lee, NJ. Commercial property asks $1,993/SF to buy and $36.14/SF/Yr to lease.
Market Trends
Fort Lee, NJ spans 2.5 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fort Lee, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Fort Lee, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Fort Lee, 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 Fort Lee, NJ asks $399/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
Market overview
Demographics & Economy
Fort Lee, NJ has 40,171 residents in 19,748 households. Density runs 15,987 people per square mile. Median household income here is $105,594 and median gross rent $2,257 a month.
40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
15,987
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Fort Lee | — | — |
| Leonia | — | $34.33 |
| Palisades Park | — | $28.12 |
| Edgewater | — | — |
Commercial property in Fort Lee, NJ asks $1,993/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fort Lee?
Commercial property in Fort Lee, NJ asks an average of $1,993 per square foot. The 6 most recent recorded sales traded at a median of $656/SF, so asking sits 204% above the achieved median. Multifamily carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Fort Lee?
Asking lease rates in Fort Lee, NJ average $36.14 per square foot per year.
Where does Realmo's Fort Lee market data come from?
Realmo compiles Fort Lee, NJ figures from 6 recent recorded sales, 45 active sale listings, 27 active lease listings, 393 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 45 active for-sale and 27 active for-lease listings in Fort Lee, 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
