Commercial Real Estate Market in Upper Montclair, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
86 active listings and 645 off-market properties in Upper Montclair, NJ. Commercial property asks $857/SF to buy and $109.14/SF/Yr to lease.
Market Trends
Upper Montclair, NJ spans 2.5 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Upper Montclair, 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 Upper Montclair, 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 Upper Montclair, 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 Upper Montclair, NJ asks $264/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
Upper Montclair, NJ has 14,219 residents in 4,499 households. Density runs 5,579 people per square mile. Median household income here is $250,001 and median gross rent $2,287 a month.
14,219
Population
4,499
Households
3.2
Avg Household Size
36
Median Age
84%
College-Educated
99%
High-School Grad
2.5 sq mi
ZIP Area
5,579
Density / Sq Mi
$250,001
Median Household Income
$102,273
Median Earnings
$2,287
Median Rent
$948,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montclair | — | $109.14 |
| Cedar Grove | — | — |
| Verona | — | $19.47 |
| Little Falls | — | $36.57 |
Commercial property in Upper Montclair, NJ asks $857/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Upper Montclair?
Commercial property in Upper Montclair, NJ asks an average of $857 per square foot. The 8 most recent recorded sales traded at a median of $463/SF, so asking sits 85% above the achieved median. Multifamily carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Upper Montclair?
Asking lease rates in Upper Montclair, NJ average $109.14 per square foot per year.
Where does Realmo's Upper Montclair market data come from?
Realmo compiles Upper Montclair, NJ figures from 8 recent recorded sales, 53 active sale listings, 33 active lease listings, 645 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 53 active for-sale and 33 active for-lease listings in Upper Montclair, 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 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 · How Realmo checks market page data · Report a data issue
