Commercial Real Estate Market in Garfield, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
75 active listings and 505 off-market properties in Garfield, NJ. Commercial property asks $149/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Garfield, NJ spans 2.1 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Garfield, 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 Garfield, 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 Garfield, 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 Garfield, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68.4%
- Open space 10.8%
- Commercial 10.8%
- Industrial 6.1%
Largest Zones share of zoned land by district
One And Two Family Multifamily Medium Density Residential
One And Two Family Residential
Parkland
Light Manufacturing
General Retail
Garfield, NJ zones 1,263 acres across 11 districts. Commercial zoning covers 10.8% of zoned land, residential 68.4%, open space 10.8% and industrial 6.1%. The largest single district is One And Two Family Multifamily Medium Density Residential at 37.6%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Parkland (P)
The intent of this zone is to promote parklanduses
Market overview
Demographics & Economy
Garfield, NJ has 32,655 residents in 12,234 households. Density runs 15,469 people per square mile. Median household income here is $75,701 and median gross rent $1,612 a month.
32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,469
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Outwater | — | — |
| Clifton | — | $20.35 |
| Passaic Park | — | — |
| Lodi | — | $17.36 |
Commercial property in Garfield, NJ asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Garfield?
Commercial property in Garfield, NJ asks an average of $149 per square foot. Multifamily carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Garfield?
Asking lease rates in Garfield, NJ average $15.00 per square foot per year.
What zoning applies to commercial property in Garfield?
Garfield, NJ zones 1,263 acres across 11 districts, of which 10.8% is commercial and 6.1% industrial. The largest single district is One And Two Family Multifamily Medium Density Residential at 37.6% of zoned land. Residential zoning covers 68.4% and open space 10.8%.
Where does Realmo's Garfield market data come from?
Realmo compiles Garfield, NJ figures from 6 recent recorded sales, 38 active sale listings, 37 active lease listings, 505 tracked off-market properties, the current Garfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 37 active for-lease listings in Garfield, 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: 1,263 zoned acres across 11 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
