Commercial Real Estate Market in Wanaque, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 123 off-market properties in Wanaque, NJ. Commercial property asks $5,026/SF to buy and $32.70/SF/Yr to lease.
Market Trends
Wanaque, NJ spans 8.4 square miles in Passaic County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wanaque, NJ asks $303/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 Wanaque, NJ asks $253/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 Wanaque, 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 Wanaque, NJ asks $347/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
- Open space 46.3%
- Residential 44.9%
- Industrial 4.4%
- Commercial 3.5%
- Civic 0.3%
Largest Zones share of zoned land by district
Water Resource Conservation
Residential High Density
Residential Low Density Cluster
Active Adult Housing
Residential Medium Density
Wanaque, NJ zones 5,605 acres across 18 districts. Commercial zoning covers 3.5% of zoned land, residential 44.9%, open space 46.3% and industrial 4.4%. The largest single district is Water Resource Conservation at 46.3%. For commercial buyers the practical constraint is that only 7.9% of land carries a commercial or industrial designation.
Water Resource Conservation (WRC)
WRC District. A. Purpose. The purpose and intent of this district is to preserve and perpetuate, in an open state, certain areas, such as lakes and waterways, wetlands and marshes, floodplains and streambeds, slopes and other areas of aesthetic value, which, because of their unique physical features, are deemed desirable and functional as natural drainageway…
Market overview
Demographics & Economy
Wanaque, NJ has 6,350 residents in 2,594 households. Density runs 759 people per square mile. Median household income here is $113,673 and median gross rent $2,008 a month.
6,350
Population
2,594
Households
2.4
Avg Household Size
49
Median Age
46%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
759
Density / Sq Mi
$113,673
Median Household Income
$53,333
Median Earnings
$2,008
Median Rent
$381,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Midvale | — | — |
| Bloomingdale | — | — |
| Pompton Lakes | — | — |
| Oakland | — | — |
Commercial property in Wanaque, NJ asks $5,026/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wanaque?
Commercial property in Wanaque, NJ asks an average of $5,026 per square foot. Multifamily carries the highest asking price at $347/SF.
How much does it cost to lease commercial space in Wanaque?
Asking lease rates in Wanaque, NJ average $32.70 per square foot per year.
What zoning applies to commercial property in Wanaque?
Wanaque, NJ zones 5,605 acres across 18 districts, of which 3.5% is commercial and 4.4% industrial. The largest single district is Water Resource Conservation at 46.3% of zoned land. WRC District. A. Purpose. The purpose and intent of this district is to preserve and perpetuate, in an open state, certain areas, such as lakes and waterways, wetlands and marshes, floodplains and streambeds, slopes and other areas of aesthetic value, which, because of their unique physical features, are deemed desirable and functional as natural drainageway… Residential zoning covers 44.9% and open space 46.3%.
Where does Realmo's Wanaque market data come from?
Realmo compiles Wanaque, NJ figures from 4 recent recorded sales, 17 active sale listings, 5 active lease listings, 123 tracked off-market properties, the current Wanaque zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 5 active for-lease listings in Wanaque, 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: 5,605 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
