Commercial Real Estate Market in Whippany, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 166 off-market properties in Whippany, NJ. Commercial property asks $41/SF to buy and $24.09/SF/Yr to lease.
Market Trends
Whippany, NJ spans 6.0 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Whippany, 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 Whippany, 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 Whippany, 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 Whippany, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Whippany, NJ has 9,051 residents in 3,723 households. Density runs 1,502 people per square mile. Median household income here is $153,329 and median gross rent $2,619 a month.
9,051
Population
3,723
Households
2.4
Avg Household Size
48
Median Age
55%
College-Educated
98%
High-School Grad
6 sq mi
ZIP Area
1,502
Density / Sq Mi
$153,329
Median Household Income
$81,864
Median Earnings
$2,619
Median Rent
$611,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cedar Knolls | — | — |
| Parsippany | — | $20.76 |
| East Hanover | — | — |
| Florham Park | — | — |
Commercial property in Whippany, NJ asks $41/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Whippany?
Commercial property in Whippany, NJ asks an average of $41 per square foot. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Whippany?
Asking lease rates in Whippany, NJ average $24.09 per square foot per year.
Where does Realmo's Whippany market data come from?
Realmo compiles Whippany, NJ figures from 4 recent recorded sales, 5 active sale listings, 4 active lease listings, 166 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 5 active for-sale and 4 active for-lease listings in Whippany, 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
