Commercial Real Estate Market in Westwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 284 off-market properties in Westwood, NJ. Commercial property asks $254/SF to buy and $23.12/SF/Yr to lease.
Market Trends
Westwood, NJ spans 13.0 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westwood, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Westwood, NJ asks $399/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 80.5%
- Commercial 8.8%
- Civic 4.1%
- Industrial 3.5%
Largest Zones share of zoned land by district
Residential
Medium Density Residential
Cemetery
Health Services Office
Light Manufacturing
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.
Residential (R-1)
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.
33,207
Population
12,270
Households
2.7
Avg Household Size
45
Median Age
67%
College-Educated
97%
High-School Grad
13 sq mi
ZIP Area
2,550
Density / Sq Mi
$183,302
Median Household Income
$77,365
Median Earnings
$2,399
Median Rent
$721,420
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillsdale | — | — |
| Emerson | — | — |
| Washington Township | — | — |
| Township of Washington | — | — |
Commercial property in Westwood, NJ asks $254/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westwood?
Commercial property in Westwood, NJ asks an average of $254 per square foot. Multifamily carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Westwood?
Asking lease rates in Westwood, NJ average $23.12 per square foot per year.
What zoning applies to commercial property in Westwood?
Westwood, NJ zones 1,455 acres across 16 districts, of which 8.8% is commercial and 3.5% industrial. The largest single district is Residential at 76.3% of zoned land. 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… Residential zoning covers 80.5% and open space 0%.
Where does Realmo's Westwood market data come from?
Realmo compiles Westwood, NJ figures from 7 recent recorded sales, 14 active sale listings, 13 active lease listings, 284 tracked off-market properties, the current Westwood 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 13 active for-lease listings in Westwood, 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: 1,455 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 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
