Commercial Real Estate Market in Newfoundland, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
47 active listings and 293 off-market properties in Newfoundland, NJ. Commercial property asks $200/SF to buy and $63.99/SF/Yr to lease.
Market Trends
Newfoundland, NJ spans 12.6 square miles in Passaic County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Newfoundland, NJ asks $303/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 Newfoundland, NJ asks $197/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 Newfoundland, 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 Newfoundland, NJ asks $280/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
Newfoundland, NJ has 2,188 residents in 1,353 households. Density runs 174 people per square mile. Median household income here is $143,191 and median gross rent $2,091 a month.
2,188
Population
1,353
Households
1.6
Avg Household Size
49
Median Age
38%
College-Educated
100%
High-School Grad
12.6 sq mi
ZIP Area
174
Density / Sq Mi
$143,191
Median Household Income
$59,881
Median Earnings
$2,091
Median Rent
$465,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Milford | — | — |
| Kinnelon | — | — |
| Butler | — | — |
Commercial property in Newfoundland, NJ asks $200/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newfoundland?
Commercial property in Newfoundland, NJ asks an average of $200 per square foot. The 4 most recent recorded sales traded at a median of $509/SF. Office carries the highest asking price at $303/SF.
How much does it cost to lease commercial space in Newfoundland?
Asking lease rates in Newfoundland, NJ average $63.99 per square foot per year.
Where does Realmo's Newfoundland market data come from?
Realmo compiles Newfoundland, NJ figures from 8 recent recorded sales, 38 active sale listings, 9 active lease listings, 293 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 9 active for-lease listings in Newfoundland, 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 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
