Commercial Real Estate Market in South Orange, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 183 off-market properties in South Orange, NJ. Commercial property asks $510/SF to buy and $25.00/SF/Yr to lease.
Market Trends
South Orange, NJ spans 2.9 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in South Orange, 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 South Orange, 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 South Orange, 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 South Orange, 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
Market overview
Demographics & Economy
South Orange, NJ has 18,597 residents in 6,131 households. Density runs 6,522 people per square mile. Median household income here is $184,769 and median gross rent $2,067 a month.
18,597
Population
6,131
Households
3
Avg Household Size
34
Median Age
76%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
6,522
Density / Sq Mi
$184,769
Median Household Income
$75,829
Median Earnings
$2,067
Median Rent
$808,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maplewood | — | — |
| Orange | — | — |
| Irvington | — | — |
| Millburn | — | — |
Commercial property in South Orange, NJ asks $510/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Orange?
Commercial property in South Orange, NJ asks an average of $510 per square foot. The 6 most recent recorded sales traded at a median of $313/SF, so asking sits 63% above the achieved median. Multifamily carries the highest asking price at $235/SF.
How much does it cost to lease commercial space in South Orange?
Asking lease rates in South Orange, NJ average $25.00 per square foot per year.
Where does Realmo's South Orange market data come from?
Realmo compiles South Orange, NJ figures from 7 recent recorded sales, 16 active sale listings, 10 active lease listings, 183 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 10 active for-lease listings in South Orange, 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 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
