Commercial Real Estate Market in Garwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 134 off-market properties in Garwood, NJ. Commercial property asks $1,260/SF to buy and $70.00/SF/Yr to lease.
Market Trends
Garwood, NJ spans 0.7 square miles in Union County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Garwood, 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 Garwood, 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 Garwood, 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 Garwood, 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 52.2%
- Industrial 14.4%
- Mixed use 13%
- Commercial 9.7%
- Open space 8.7%
Largest Zones share of zoned land by district
Single Family Residence A
Community Commercial
Two Family Residence B
Public Open Space
Light Industrial
Garwood, NJ zones 329 acres across 10 districts. Commercial zoning covers 9.7% of zoned land, residential 52.2%, open space 8.7% and industrial 14.4%. The largest single district is Single Family Residence A at 49.7%. For commercial buyers the practical constraint is that only 24.2% of land carries a commercial or industrial designation.
Single Family Residence A (R-A)
This zone is designed for single family dwelling units at a moderate density level of approximately eight units per acre
Market overview
Demographics & Economy
Garwood, NJ has 4,454 residents in 2,093 households. Density runs 6,848 people per square mile. Median household income here is $100,948 and median gross rent $1,603 a month.
4,454
Population
2,093
Households
2.1
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
6,848
Density / Sq Mi
$100,948
Median Household Income
$71,328
Median Earnings
$1,603
Median Rent
$509,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cranford | — | $28.32 |
| Westfield | — | $29.59 |
| Clark | — | — |
| Mountainside | — | $17.03 |
Commercial property in Garwood, NJ asks $1,260/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Garwood?
Commercial property in Garwood, NJ asks an average of $1,260 per square foot. The 6 most recent recorded sales traded at a median of $223/SF, so asking sits 465% above the achieved median. Retail carries the highest asking price at $403/SF.
How much does it cost to lease commercial space in Garwood?
Asking lease rates in Garwood, NJ average $70.00 per square foot per year.
What zoning applies to commercial property in Garwood?
Garwood, NJ zones 329 acres across 10 districts, of which 9.7% is commercial and 14.4% industrial. The largest single district is Single Family Residence A at 49.7% of zoned land. This zone is designed for single family dwelling units at a moderate density level of approximately eight units per acre Residential zoning covers 52.2% and open space 8.7%.
Where does Realmo's Garwood market data come from?
Realmo compiles Garwood, NJ figures from 7 recent recorded sales, 8 active sale listings, 3 active lease listings, 134 tracked off-market properties, the current Garwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 3 active for-lease listings in Garwood, 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: 329 zoned acres across 10 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, 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
