Commercial Real Estate Market in Nutley, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 481 off-market properties in Nutley, NJ. Commercial property asks $471/SF to buy and $20.28/SF/Yr to lease.
Market Trends
Nutley, NJ spans 3.4 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Nutley, 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 Nutley, 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 Nutley, 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 Nutley, NJ asks $235/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 77.7%
- Commercial 7.7%
- Open space 7.2%
- Industrial 0.2%
Largest Zones share of zoned land by district
Residential One Family
Residential Two Family
Park
Residential One Family
Residential One Family
Nutley, NJ zones 1,681 acres across 16 districts. Commercial zoning covers 7.7% of zoned land, residential 77.7%, open space 7.2% and industrial 0.2%. The largest single district is Residential One Family at 51.6%. For commercial buyers the practical constraint is that only 7.9% of land carries a commercial or industrial designation.
Residential One Family (R-1)
Permitted uses in R-1 Zoning District. The following uses are permitted in the R-1 Zoning District: A. Single-family dwellings, not to exceed one dwelling unit on each lot. No other principal use is permitted on the same lot with a single-family dwelling. Each single-family dwelling shall have two parking spaces, at least one of which is in a garage. B. Home…
Market overview
Demographics & Economy
Nutley, NJ has 30,149 residents in 11,981 households. Density runs 8,936 people per square mile. Median household income here is $115,215 and median gross rent $1,698 a month.
30,149
Population
11,981
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
8,936
Density / Sq Mi
$115,215
Median Household Income
$67,621
Median Earnings
$1,698
Median Rent
$489,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bloomfield | — | $7.85 |
| Belleville | — | $25.94 |
| Glen Ridge | — | — |
| Rutherford | — | $26.77 |
Commercial property in Nutley, NJ asks $471/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nutley?
Commercial property in Nutley, NJ asks an average of $471 per square foot. Multifamily carries the highest asking price at $235/SF.
How much does it cost to lease commercial space in Nutley?
Asking lease rates in Nutley, NJ average $20.28 per square foot per year.
What zoning applies to commercial property in Nutley?
Nutley, NJ zones 1,681 acres across 16 districts, of which 7.7% is commercial and 0.2% industrial. The largest single district is Residential One Family at 51.6% of zoned land. Permitted uses in R-1 Zoning District. The following uses are permitted in the R-1 Zoning District: A. Single-family dwellings, not to exceed one dwelling unit on each lot. No other principal use is permitted on the same lot with a single-family dwelling. Each single-family dwelling shall have two parking spaces, at least one of which is in a garage. B. Home… Residential zoning covers 77.7% and open space 7.2%.
Where does Realmo's Nutley market data come from?
Realmo compiles Nutley, NJ figures from 7 recent recorded sales, 23 active sale listings, 13 active lease listings, 481 tracked off-market properties, the current Nutley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 13 active for-lease listings in Nutley, 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: 1,681 zoned acres across 16 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
