Commercial Real Estate Market in Franklin Lakes, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 69 off-market properties in Franklin Lakes, NJ.
Market Trends
Franklin Lakes, NJ spans 9.4 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin Lakes, 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 Franklin Lakes, 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 Franklin Lakes, 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 Franklin Lakes, 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
Franklin Lakes, NJ has 11,086 residents in 3,886 households. Density runs 1,177 people per square mile. Median household income here is $231,184 and median gross rent $3,328 a month.
11,086
Population
3,886
Households
2.9
Avg Household Size
46
Median Age
79%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
1,177
Density / Sq Mi
$231,184
Median Household Income
$93,777
Median Earnings
$3,328
Median Rent
$1,218,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wyckoff | — | $67.74 |
| Oakland | — | — |
| Midland Pk | — | — |
| Midland Park | — | $28.83 |
Frequently Asked Questions
Where does Realmo's Franklin Lakes market data come from?
Realmo compiles Franklin Lakes, NJ figures from 4 recent recorded sales, 2 active lease listings, 69 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 0 active for-sale and 2 active for-lease listings in Franklin Lakes, 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
