Commercial Real Estate Market in Mahwah, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 230 off-market properties in Mahwah, NJ. Commercial property asks $88/SF to buy and $23.17/SF/Yr to lease.
Market Trends
Mahwah, NJ spans 25.4 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mahwah, 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 Mahwah, 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 Mahwah, 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 Mahwah, 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
- Open space 58.8%
- Residential 30.8%
- Industrial 3.2%
- Commercial 3.1%
- Civic 2.7%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Public Open Space
One Family Residential
Conservation
One Family Residential
Education
Mahwah, NJ zones 15,622 acres across 37 districts. Commercial zoning covers 3.1% of zoned land, residential 30.8%, open space 58.8% and industrial 3.2%. The largest single district is Public Open Space at 46.4%. For commercial buyers the practical constraint is that only 6.3% of land carries a commercial or industrial designation.
One Family Residential (R40)
Uses and Structures. § 24-3.10 Electric Vehicle Supply/Service Equipment. § 24-4 ZONE DISTRICT REGULATIONS. § 24-4.1 Schedules of Regulations. § 24-4.2 C200 Conservation. § 24-4.3 R80 Single-Family Residential. § 24-4.4 R40 Single-Family Residential. § 24-4.5 R20 Single-Family Residential. § 24-4.6 R15 Single-Family Residential. § 24-4.7 R10 Single-Family Re…
Market overview
Demographics & Economy
Mahwah, NJ has 25,487 residents in 10,058 households. Density runs 1,003 people per square mile. Median household income here is $128,125 and median gross rent $2,301 a month.
25,487
Population
10,058
Households
2.5
Avg Household Size
45
Median Age
60%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,003
Density / Sq Mi
$128,125
Median Household Income
$59,767
Median Earnings
$2,301
Median Rent
$590,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillburn | — | $16.03 |
| Airmont | — | $27.78 |
| Ramsey | — | $28.75 |
| Tallman | — | — |
Commercial property in Mahwah, NJ asks $88/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mahwah?
Commercial property in Mahwah, NJ asks an average of $88 per square foot. The 5 most recent recorded sales traded at a median of $460/SF. Multifamily carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Mahwah?
Asking lease rates in Mahwah, NJ average $23.17 per square foot per year.
What zoning applies to commercial property in Mahwah?
Mahwah, NJ zones 15,622 acres across 37 districts, of which 3.1% is commercial and 3.2% industrial. The largest single district is Public Open Space at 46.4% of zoned land. Residential zoning covers 30.8% and open space 58.8%.
Where does Realmo's Mahwah market data come from?
Realmo compiles Mahwah, NJ figures from 5 recent recorded sales, 7 active sale listings, 28 active lease listings, 230 tracked off-market properties, the current Mahwah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 28 active for-lease listings in Mahwah, 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: 15,622 zoned acres across 37 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
