Commercial Real Estate Market in West Milford, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 293 off-market properties in West Milford, NJ. Commercial property asks $221/SF to buy and $63.99/SF/Yr to lease.
Market Trends
West Milford, NJ spans 33.1 square miles in Passaic County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in West Milford, 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 West Milford, 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 West Milford, 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 West Milford, 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
Market overview
Demographics & Economy
West Milford, NJ has 15,358 residents in 6,239 households. Density runs 465 people per square mile. Median household income here is $114,056 and median gross rent $1,433 a month.
15,358
Population
6,239
Households
2.5
Avg Household Size
47
Median Age
40%
College-Educated
95%
High-School Grad
33.1 sq mi
ZIP Area
465
Density / Sq Mi
$114,056
Median Household Income
$59,619
Median Earnings
$1,433
Median Rent
$362,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Milford Lakes | — | — |
| Ringwood | — | — |
| Midvale | — | — |
| Jefferson Township | — | — |
Commercial property in West Milford, NJ asks $221/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Milford?
Commercial property in West Milford, NJ asks an average of $221 per square foot. The 4 most recent recorded sales traded at a median of $509/SF. Multifamily carries the highest asking price at $347/SF.
How much does it cost to lease commercial space in West Milford?
Asking lease rates in West Milford, NJ average $63.99 per square foot per year.
Where does Realmo's West Milford market data come from?
Realmo compiles West Milford, NJ figures from 8 recent recorded sales, 38 active sale listings, 10 active lease listings, 293 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 38 active for-sale and 10 active for-lease listings in West Milford, 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
