Commercial Real Estate Market in Newark, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
793 active listings and 6,343 off-market properties in Newark, NJ. Commercial property asks $386/SF to buy and $18.24/SF/Yr to lease.
Market Trends
Newark, NJ spans 24.2 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Newark, 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 Newark, 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 Newark, 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 Newark, NJ asks $264/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 23.8%
- Industrial 19.7%
- Special 15.2%
- Commercial 9.8%
- Open space 7%
- Mixed use 3.4%
- Civic 1.8%
Largest Zones share of zoned land by district
Airport
Heavy Industrial
One To Four Family Residential
Port
Redevelopment Zone
Airport (EWR)
Airport and airport support zoning are for Newark liberty international airport and the supporting area around it
Market overview
Demographics & Economy
Newark, NJ has 311,885 residents in 121,828 households. Density runs 12,914 people per square mile. Median household income here is $47,452 and median gross rent $1,279 a month.
311,885
Population
121,828
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
24.2 sq mi
ZIP Area
12,914
Density / Sq Mi
$47,452
Median Household Income
$34,921
Median Earnings
$1,279
Median Rent
$342,209
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.24/SF/Yr lease vs $386/SF buy → buying wins if held > 12.3 years.
At a 4.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrison | — | — |
| Kearny | — | $27.21 |
| Irvington | — | — |
| East Orange | — | $20.05 |
Commercial property in Newark, NJ asks $386/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newark?
Commercial property in Newark, NJ asks an average of $386 per square foot. Multifamily carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Newark?
Asking lease rates in Newark, NJ average $18.24 per square foot per year.
Is it cheaper to lease or buy commercial space in Newark?
Buying beats leasing in Newark, NJ if the property is held longer than 12.3 years, comparing $18.24/SF/Yr asking rent with $386/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Newark market data come from?
Realmo compiles Newark, NJ figures from 4 recent recorded sales, 642 active sale listings, 151 active lease listings, 6,343 tracked off-market properties, the current Newark zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 642 active for-sale and 151 active for-lease listings in Newark, 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: 11,943 zoned acres across 21 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 30 September 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 30 September 2026 · report a data issue
