Commercial Real Estate Market in Wharton, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 147 off-market properties in Wharton, NJ.
Market Trends
Wharton, NJ spans 14.7 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Morris County, office space asks $200/SF to buy. Office vacancy in Wharton, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Morris County, retail space asks $325/SF to buy. Retail vacancy in Wharton, 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 Wharton, 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 Morris County, multifamily space asks $288/SF to buy. Multifamily vacancy in Wharton, 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 68.1%
- Industrial 18.9%
- Commercial 10.6%
- Civic 1.6%
Largest Zones share of zoned land by district
Wharton, NJ zones 1,269 acres across 21 districts. Commercial zoning covers 10.6% of zoned land, residential 68.1% and industrial 18.9%. The largest single district is Moderate Density Single Family at 17.4%. For commercial buyers the practical constraint is that only 29.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Wharton, NJ has 11,521 residents in 4,947 households. Density runs 785 people per square mile. Median household income here is $100,903 and median gross rent $1,961 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Wharton?
What zoning applies to commercial property in Wharton?
Where does Realmo's Wharton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 10 active for-lease listings in Wharton, NJ. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 1,269 zoned acres across 21 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
