Commercial Real Estate Market in Rahway, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 430 off-market properties in Rahway, NJ. Commercial property asks $408/SF to buy and $25.36/SF/Yr to lease.
Market Trends
Rahway, NJ spans 3.9 square miles in Union County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Rahway, NJ asks $283/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 Rahway, NJ asks $453/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 Rahway, 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 Rahway, NJ asks $312/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
- Civic 59.4%
- Industrial 15.8%
- Commercial 10.9%
- Open space 10.2%
- Residential 1.3%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Medium Density Single Family
Open Space
Heavy Industrial
Central Business District Redevelopment Area
Light Industrial
Medium Density Single Family (R-2)
R-2 Medium-Density Single-Family Residential Zone. A. Purpose. The purpose of this district is to maintain and strengthen the single-family character of the zone except as provided for. Accessory apartments, two-family dwellings, or multiple-family residences are not permitted. Residentially supportive institutional establishments and home occupations are to…
Market overview
Demographics & Economy
Rahway, NJ has 29,556 residents in 12,811 households. Density runs 7,586 people per square mile. Median household income here is $90,852 and median gross rent $1,764 a month.
29,556
Population
12,811
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
7,586
Density / Sq Mi
$90,852
Median Household Income
$57,021
Median Earnings
$1,764
Median Rent
$362,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Avenel | $168 (county avg) | — |
| Iselin | $168 (county avg) | $7.48 |
Commercial property in Rahway, NJ asks $408/SF. The 2 bordering markets run from $168/SF in Avenel to $168/SF in Avenel, and the city sits above their $168/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rahway?
Commercial property in Rahway, NJ asks an average of $408 per square foot. The 4 most recent recorded sales traded at a median of $504/SF. Retail carries the highest asking price at $453/SF.
How much does it cost to lease commercial space in Rahway?
Asking lease rates in Rahway, NJ average $25.36 per square foot per year.
How does Rahway compare to nearby markets on price?
Rahway, NJ asks $408/SF against $168/SF in Avenel and $168/SF in Iselin. Avenel is the cheapest entry point at 59% below Rahway pricing.
Where does Realmo's Rahway market data come from?
Realmo compiles Rahway, NJ figures from 8 recent recorded sales, 16 active sale listings, 10 active lease listings, 430 tracked off-market properties, the current Rahway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 10 active for-lease listings in Rahway, 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: 2,592 zoned acres across 22 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
