Commercial Real Estate Market in Tenafly, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 203 off-market properties in Tenafly, NJ. Commercial property asks $1,388/SF to buy and $42.86/SF/Yr to lease.
Market Trends
Tenafly, NJ spans 4.6 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tenafly, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Tenafly, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Tenafly, 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 Tenafly, NJ asks $399/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 67.5%
- Civic 28%
- Commercial 4.2%
- Industrial 0.4%
Largest Zones share of zoned land by district
Public
Residence
Residence
Residence
Residence
Tenafly, NJ zones 2,896 acres across 16 districts. Commercial zoning covers 4.2% of zoned land, residential 67.5% and industrial 0.4%. The largest single district is Public at 28%. For commercial buyers the practical constraint is that only 4.6% of land carries a commercial or industrial designation.
Public (P)
Public Use and Service Areas. § 35-722.12 Buffer Planting. § 35-723 SITE PLAN DESIGN STANDARDS. § 35-723.1 General. § 35-723.2 Requirements for Off-Street Parking. § 35-723.3 Trash, Garbage and Waste Material. § 35-723.4 Recycling of Recyclable Materials.
Market overview
Demographics & Economy
Tenafly, NJ has 15,409 residents in 5,415 households. Density runs 3,360 people per square mile. Median household income here is $208,088 and median gross rent $3,143 a month.
15,409
Population
5,415
Households
2.8
Avg Household Size
42
Median Age
79%
College-Educated
99%
High-School Grad
4.6 sq mi
ZIP Area
3,360
Density / Sq Mi
$208,088
Median Household Income
$110,625
Median Earnings
$3,143
Median Rent
$974,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cresskill | — | $23.15 |
| Bergenfield | — | $25.14 |
| Alpine | — | — |
| Dumont | — | — |
Commercial property in Tenafly, NJ asks $1,388/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tenafly?
Commercial property in Tenafly, NJ asks an average of $1,388 per square foot. The 5 most recent recorded sales traded at a median of $302/SF, so asking sits 360% above the achieved median. Multifamily carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Tenafly?
Asking lease rates in Tenafly, NJ average $42.86 per square foot per year.
What zoning applies to commercial property in Tenafly?
Tenafly, NJ zones 2,896 acres across 16 districts, of which 4.2% is commercial and 0.4% industrial. The largest single district is Public at 28% of zoned land. Public Use and Service Areas. § 35-722.12 Buffer Planting. § 35-723 SITE PLAN DESIGN STANDARDS. § 35-723.1 General. § 35-723.2 Requirements for Off-Street Parking. § 35-723.3 Trash, Garbage and Waste Material. § 35-723.4 Recycling of Recyclable Materials. Residential zoning covers 67.5% and open space 0%.
Where does Realmo's Tenafly market data come from?
Realmo compiles Tenafly, NJ figures from 6 recent recorded sales, 14 active sale listings, 12 active lease listings, 203 tracked off-market properties, the current Tenafly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 12 active for-lease listings in Tenafly, 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: 2,896 zoned acres across 16 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, 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 August 2026 · report a data issue
