Commercial Real Estate Market in Paterson, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
402 active listings and 4,127 off-market properties in Paterson, NJ. Commercial property asks $235/SF to buy and $25.13/SF/Yr to lease.
Market Trends
Paterson, NJ spans 17.4 square miles in Passaic County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Paterson, 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 Paterson, 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 Paterson, 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 Paterson, NJ asks $296/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 34.9%
- Civic 22.4%
- Industrial 11%
- Commercial 5.4%
- Mixed use 4.9%
- Special 2.8%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Residential
Residential
Residential
Industrial
Redevelopment Plan 1st Ward
Residential (R-2)
B. R‐2 Low Medium Density Residential District: The intent of the R‐2 Low Medium Density Residential District is to permit single and two family dwellings at the low to medium densities permitted in the district, together with such uses as places of worship, recreational facilities, schools and other such permitted uses that are typically located in resident…
Market overview
Demographics & Economy
Paterson, NJ has 194,702 residents in 65,108 households. Density runs 11,187 people per square mile. Median household income here is $63,046 and median gross rent $1,520 a month.
194,702
Population
65,108
Households
3
Avg Household Size
35
Median Age
16%
College-Educated
79%
High-School Grad
17.4 sq mi
ZIP Area
11,187
Density / Sq Mi
$63,046
Median Household Income
$36,485
Median Earnings
$1,520
Median Rent
$348,426
Median Home Value
Tools
Lease vs Buy Breakeven
At $25.13/SF/Yr lease vs $235/SF buy → buying wins if held > 1.2 years.
At a 10.7% 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 |
|---|---|---|
| Totowa | — | — |
| Haledon | — | — |
| Clifton | — | $21.71 |
Commercial property in Paterson, NJ asks $235/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paterson?
Commercial property in Paterson, NJ asks an average of $235 per square foot. The 5 most recent recorded sales traded at a median of $80/SF, so asking sits 193% above the achieved median. Office carries the highest asking price at $303/SF.
How much does it cost to lease commercial space in Paterson?
Asking lease rates in Paterson, NJ average $25.13 per square foot per year.
Is it cheaper to lease or buy commercial space in Paterson?
Buying beats leasing in Paterson, NJ if the property is held longer than 1.2 years, comparing $25.13/SF/Yr asking rent with $235/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 Paterson market data come from?
Realmo compiles Paterson, NJ figures from 7 recent recorded sales, 329 active sale listings, 73 active lease listings, 4,127 tracked off-market properties, the current Paterson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 329 active for-sale and 73 active for-lease listings in Paterson, 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: 5,567 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 31 October 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
