Commercial Real Estate Market in Mountain Lakes, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 active listings and 88 off-market properties in Mountain Lakes, NJ.
Market Trends
Mountain Lakes, NJ spans 2.7 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Morris County, office space asks $200/SF to buy. Office vacancy in Mountain Lakes, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Morris County, retail space asks $325/SF to buy. Retail vacancy in Mountain Lakes, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Mountain 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%.
Multifamily
Across Morris County, multifamily space asks $288/SF to buy. Multifamily vacancy in Mountain Lakes, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Mountain Lakes, NJ has 4,508 residents in 1,451 households. Density runs 1,695 people per square mile. Median household income here is $250,001 and median gross rent $2,941 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Boonton | $282 | $24.00 |
| Parsippany | $243 | $20.00 |
Commercial property in Mountain Lakes, NJ asks $160/SF. The 2 bordering markets run from $243/SF in Parsippany to $282/SF in Boonton, and the city sits below their $262/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Mountain Lakes?
How does Mountain Lakes compare to nearby markets on price?
Where does Realmo's Mountain Lakes market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 4 active for-lease listings in Mountain Lakes, NJ. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
