Commercial Real Estate Market in Randolph, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
35 active listings and 819 off-market properties in Randolph, NJ. Commercial property asks $629/SF to buy and $15.99/SF/Yr to lease.
Market Trends
Randolph, NJ spans 20.1 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Randolph, NJ asks $200/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 Randolph, NJ asks $325/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 Randolph, 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 vacancy in Randolph, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Randolph, NJ has 25,993 residents in 9,124 households. Density runs 1,295 people per square mile. Median household income here is $170,862 and median gross rent $1,772 a month.
25,993
Population
9,124
Households
2.8
Avg Household Size
41
Median Age
69%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,295
Density / Sq Mi
$170,862
Median Household Income
$80,799
Median Earnings
$1,772
Median Rent
$636,400
Median Home Value
Tools
Nearby Markets
Commercial property in Randolph, NJ asks $629/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Randolph?
Commercial property in Randolph, NJ asks an average of $629 per square foot. The 5 most recent recorded sales traded at a median of $300/SF, so asking sits 109% above the achieved median. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Randolph?
Asking lease rates in Randolph, NJ average $15.99 per square foot per year.
Where does Realmo's Randolph market data come from?
Realmo compiles Randolph, NJ figures from 6 recent recorded sales, 28 active sale listings, 7 active lease listings, 819 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 28 active for-sale and 7 active for-lease listings in Randolph, 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, 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 30 September 2026 · How Realmo checks market page data · Report a data issue
