Commercial Real Estate Market in Westwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
34 active listings and 284 off-market properties in Westwood, NJ. Commercial property asks $69/SF to buy (based on 5 listings) and $25.97/SF/Yr to lease (based on 5 listings).
Market Trends
Westwood, NJ spans 13.0 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Westwood, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Westwood, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Westwood, 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%.
Multifamily
Across Bergen County, multifamily space asks $386/SF to buy. Multifamily vacancy in Westwood, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.5%
- Commercial 8.8%
- Civic 4.1%
- Industrial 3.5%
Largest Zones share of zoned land by district
Westwood, NJ zones 1,455 acres across 16 districts. Commercial zoning covers 8.8% of zoned land, residential 80.5% and industrial 3.5%. The largest single district is Residential at 76.3%. For commercial buyers the practical constraint is that only 12.3% of land carries a commercial or industrial designation.
R-1 Detached Single-Family Residential District. A. The principal permitted uses allowed in the R-1 District include the following: (1) Detached single-family dwellings. (2) Municipal buildings and uses. (3) Community residences as per N.J.S.A. 40:55D-66.1. (4) Family day-care homes as per N.J.S.A. 40:55D-66.5. B. The accessory uses allowed in the R-1 Distri…
Market overview
Demographics & Economy
Westwood, NJ has 33,207 residents in 12,270 households. Density runs 2,550 people per square mile. Median household income here is $183,302 and median gross rent $2,399 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Westwood?
How much does it cost to lease commercial space in Westwood?
What zoning applies to commercial property in Westwood?
Where does Realmo's Westwood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 15 active for-lease listings in Westwood, NJ. The medians are based on 5 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 1,455 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
