Commercial Real Estate Market in Passaic, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
71 active listings and 1,265 off-market properties in Passaic, NJ. Commercial property asks $383/SF to buy and $26.58/SF/Yr to lease.
Market Trends
Passaic, NJ spans 3.1 square miles in Passaic County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Passaic, 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 Passaic, NJ asks $253/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 Passaic, 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 Passaic, NJ asks $347/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 63.8%
- Industrial 12.4%
- Mixed use 6.4%
- Civic 1.9%
- Commercial 0.5%
Largest Zones share of zoned land by district
Multifamily Residential
One Family Residential
One And Two Family Residential
General Industrial
One And Multifamily Residential
Passaic, NJ zones 2,086 acres across 14 districts. Commercial zoning covers 0.5% of zoned land, residential 63.8% and industrial 12.4%. The largest single district is Multifamily Residential at 31.9%. For commercial buyers the practical constraint is that only 12.9% of land carries a commercial or industrial designation.
Multifamily Residential (R-3)
No advertising signs shall be erected on any property fronting upon a street which separates it from the R-1, R-2, R-1A, R-3 or O-R Districts. (10) Advertising signs shall be limited to the number in existence at the time of the passage of this chapter and may be replaced or relocated as permitted in this article within one year after the sign is destroyed o…
Market overview
Demographics & Economy
Passaic, NJ has 70,518 residents in 21,019 households. Density runs 22,538 people per square mile. Median household income here is $56,780 and median gross rent $1,392 a month.
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,538
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Passaic Park | — | — |
| Wallington | — | — |
| Clifton | — | $20.35 |
| Garfield | — | — |
Commercial property in Passaic, NJ asks $383/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Passaic?
Commercial property in Passaic, NJ asks an average of $383 per square foot. Multifamily carries the highest asking price at $347/SF.
How much does it cost to lease commercial space in Passaic?
Asking lease rates in Passaic, NJ average $26.58 per square foot per year.
What zoning applies to commercial property in Passaic?
Passaic, NJ zones 2,086 acres across 14 districts, of which 0.5% is commercial and 12.4% industrial. The largest single district is Multifamily Residential at 31.9% of zoned land. No advertising signs shall be erected on any property fronting upon a street which separates it from the R-1, R-2, R-1A, R-3 or O-R Districts. (10) Advertising signs shall be limited to the number in existence at the time of the passage of this chapter and may be replaced or relocated as permitted in this article within one year after the sign is destroyed o… Residential zoning covers 63.8% and open space 0%.
Where does Realmo's Passaic market data come from?
Realmo compiles Passaic, NJ figures from 7 recent recorded sales, 52 active sale listings, 19 active lease listings, 1,265 tracked off-market properties, the current Passaic zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 19 active for-lease listings in Passaic, 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: 2,086 zoned acres across 14 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
