Commercial Real Estate Market in New Milford, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 79 off-market properties in New Milford, NJ.
Market Trends
New Milford, NJ spans 2.3 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Milford, 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 New Milford, 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 New Milford, 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 New Milford, 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
Market overview
Demographics & Economy
New Milford, NJ has 16,923 residents in 6,428 households. Density runs 7,413 people per square mile. Median household income here is $113,513 and median gross rent $1,722 a month.
16,923
Population
6,428
Households
2.6
Avg Household Size
42
Median Age
48%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
7,413
Density / Sq Mi
$113,513
Median Household Income
$62,266
Median Earnings
$1,722
Median Rent
$554,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| N Milford | — | — |
| River Edge | — | — |
| Dumont | — | — |
| Bergenfield | — | $25.14 |
Commercial property in New Milford, NJ asks $707/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Milford?
Commercial property in New Milford, NJ asks an average of $707 per square foot. Multifamily carries the highest asking price at $399/SF.
Where does Realmo's New Milford market data come from?
Realmo compiles New Milford, NJ figures from 3 recent recorded sales, 3 active sale listings, 8 active lease listings, 79 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 8 active for-lease listings in New Milford, 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.
- 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
