Commercial Real Estate Market in Verona, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 170 off-market properties in Verona, NJ. Commercial property asks $424/SF to buy and $20.20/SF/Yr to lease.
Market Trends
Verona, NJ spans 2.8 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Verona, 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 Verona, 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 Verona, 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 Verona, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.2%
- Civic 21.8%
- Mixed use 4.4%
- Commercial 2.6%
Largest Zones share of zoned land by district
Public
Residential Single Family Very Low Density
Residential Single Family Medium High Density
Residential Single Family High Density
Residential Single Family Medium Density
Verona, NJ zones 1,563 acres across 18 districts. Commercial zoning covers 2.6% of zoned land, residential 71.2%. The largest single district is Public at 20.9%. For commercial buyers the practical constraint is that only 2.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Verona, NJ has 14,572 residents in 5,997 households. Density runs 5,215 people per square mile. Median household income here is $159,044 and median gross rent $2,125 a month.
14,572
Population
5,997
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
5,215
Density / Sq Mi
$159,044
Median Household Income
$85,852
Median Earnings
$2,125
Median Rent
$595,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montclair | — | $155.16 |
| Cedar Grove | — | — |
| Caldwell | — | — |
| West Orange | — | $23.79 |
Commercial property in Verona, NJ asks $424/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Verona?
Commercial property in Verona, NJ asks an average of $424 per square foot. The 7 most recent recorded sales traded at a median of $348/SF, so asking sits 22% above the achieved median. Multifamily carries the highest asking price at $235/SF.
How much does it cost to lease commercial space in Verona?
Asking lease rates in Verona, NJ average $20.20 per square foot per year.
What zoning applies to commercial property in Verona?
Verona, NJ zones 1,563 acres across 18 districts, of which 2.6% is commercial and 0% industrial. The largest single district is Public at 20.9% of zoned land. Residential zoning covers 71.2% and open space 0%.
Where does Realmo's Verona market data come from?
Realmo compiles Verona, NJ figures from 8 recent recorded sales, 14 active sale listings, 2 active lease listings, 170 tracked off-market properties, the current Verona 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 2 active for-lease listings in Verona, 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: 1,563 zoned acres across 18 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 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
