Commercial Real Estate Market in Irvington, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
169 active listings and 1,140 off-market properties in Irvington, NJ. Commercial property asks $270/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Irvington, NJ spans 2.9 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Irvington, NJ asks $181/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 Irvington, NJ asks $133/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 Irvington, 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 Irvington, NJ asks $235/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 68.2%
- Industrial 10.8%
- Commercial 8.5%
- Civic 4.9%
- Mixed use 3.6%
- Open space 3.3%
Largest Zones share of zoned land by district
Two Family Residential
Four Family Residential
Single Family Residential
Heavy Industrial
Garden Apartments
Irvington, NJ zones 1,867 acres across 18 districts. Commercial zoning covers 8.5% of zoned land, residential 68.2%, open space 3.3% and industrial 10.8%. The largest single district is Two Family Residential at 29.9%. For commercial buyers the practical constraint is that only 19.3% of land carries a commercial or industrial designation.
Heavy Industrial (M-3)
D Central Business District, Downtown Mixed Use. § 650-25 O-1 Residential-Character Office District. § 650-26 M-1 Special Industrial Manufacturing District. § 650-27 M-2 Light Industrial Manufacturing District. § 650-28 M-3 Heavy Industrial Manufacturing District. § 650-29 P-1 Parks District. § 650-30 P-2 Institutional District. Article VII Signs § 650-31 Si…
Market overview
Demographics & Economy
Irvington, NJ has 61,176 residents in 24,176 households. Density runs 20,992 people per square mile. Median household income here is $59,232 and median gross rent $1,324 a month.
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
20,992
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillside | — | — |
| Maplewood | — | — |
| South Orange | — | — |
| Industrial Hillside | — | — |
Commercial property in Irvington, NJ asks $270/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Irvington?
Commercial property in Irvington, NJ asks an average of $270 per square foot. The 3 most recent recorded sales traded at a median of $208/SF, so asking sits 30% above the achieved median. Multifamily carries the highest asking price at $235/SF.
How much does it cost to lease commercial space in Irvington?
Asking lease rates in Irvington, NJ average $30.00 per square foot per year.
What zoning applies to commercial property in Irvington?
Irvington, NJ zones 1,867 acres across 18 districts, of which 8.5% is commercial and 10.8% industrial. The largest single district is Two Family Residential at 29.9% of zoned land. Residential zoning covers 68.2% and open space 3.3%.
Where does Realmo's Irvington market data come from?
Realmo compiles Irvington, NJ figures from 4 recent recorded sales, 149 active sale listings, 20 active lease listings, 1,140 tracked off-market properties, the current Irvington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 149 active for-sale and 20 active for-lease listings in Irvington, 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: 1,867 zoned acres across 18 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
