Commercial Real Estate Market in Wharton, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 147 off-market properties in Wharton, NJ. Commercial property asks $366/SF to buy and $10.23/SF/Yr to lease.
Market Trends
Wharton, NJ spans 14.7 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wharton, NJ asks $200/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 Wharton, NJ asks $325/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Wharton, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
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
Moderate Density Single Family
Low Moderate Density Single Family
Low Density Single Family
Low Density Single Family
Planned Industrial
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.
11,521
Population
4,947
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
785
Density / Sq Mi
$100,903
Median Household Income
$52,325
Median Earnings
$1,961
Median Rent
$345,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dover | — | — |
| Mine Hill | — | — |
| Victory Gardens | — | — |
| Rockaway | — | — |
Commercial property in Wharton, NJ asks $366/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wharton?
Commercial property in Wharton, NJ asks an average of $366 per square foot. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Wharton?
Asking lease rates in Wharton, NJ average $10.23 per square foot per year.
What zoning applies to commercial property in Wharton?
Wharton, NJ zones 1,269 acres across 21 districts, of which 10.6% is commercial and 18.9% industrial. The largest single district is Moderate Density Single Family at 17.4% of zoned land. Residential zoning covers 68.1% and open space 0%.
Where does Realmo's Wharton market data come from?
Realmo compiles Wharton, NJ figures from 6 recent recorded sales, 10 active sale listings, 9 active lease listings, 147 tracked off-market properties, the current Wharton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 9 active for-lease listings in Wharton, 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: 1,269 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 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
