Property Management in Northern New Jersey: Our Fee Schedule

AcreX manages commercial and apartment buildings in northern New Jersey directly, with Jonathan Libock as the responsible broker. Here is what management usually costs, what AcreX charges, and how your money is handled under New Jersey rules.

What property management usually costs

• Commercial, New Jersey overall — Typical base fee (% of collected rent): 3–5%

• Industrial — Typical base fee (% of collected rent): 2–4%

• Retail center — Typical base fee (% of collected rent): 4–6%

• Mixed-use — Typical base fee (% of collected rent): 5–7%

Sources: Property Perfected, Property Management Fees in New Jersey; Piping Rock Partners. Checked November 2, 2026. Leasing, renewals, construction oversight and repair markups are often billed on top; ask for a complete fee schedule.

AcreX property management fees

• Houses and 1–4 units — Fee (% of rent collected): 8%

• Apartments, 5–49 units — Fee (% of rent collected): 6%

• Apartments, 50–99 units — Fee (% of rent collected): 4%

• Apartments, 100+ units — Fee (% of rent collected): First 99 units billed like a 50–99 unit building; 3% on rent from the rest

• Any apartment building: rent above $150K/month — Fee (% of rent collected): 3% on the part above $150K

• Retail and mixed-use — Fee (% of rent collected): 5%

• Office — Fee (% of rent collected): 4%

• Industrial — Fee (% of rent collected): 3%

Examples: 12 units collecting $18,000/month = $1,080/month. 60 units at $132,000 = $5,280. 80 units at $160,000 = 4% × $150,000 + 3% × $10,000 = $6,300. 150 units at $240,000 = $8,700 (3.6%). No setup fee, no repair markup, no upfront fees. Cancel any time after 90 days. In New Jersey commissions are negotiable.

What management includes

• Rent collection and arrears follow-up

• Owner statements and reporting

• Lease administration: renewal dates, escalations

• CAM, tax and insurance reconciliations for NNN leases

• Vendor and maintenance coordination and inspections

• Leasing vacant space, billed at the leasing rates on the fees page

How your money is handled (New Jersey rules)

• Rent and other funds a broker collects for an owner must be held in a separate trust account at a New Jersey bank and deposited within five business days (N.J.A.C. 11:5-5.1).

• Residential security deposits are held in an interest-bearing account at a New Jersey bank, with written notice to the tenant within 30 days, and are capped at 1.5 months’ rent (N.J.S.A. 46:8-19 and 46:8-21.2).

• Collecting rent for others is licensed brokerage work in New Jersey (N.J.S.A. 45:15-3), so AcreX does it under its broker license.

• Records of all funds are kept for at least six years (N.J.A.C. 11:5-5.4).

County pages: Essex · Bergen · Hudson · Morris · Passaic · Union. Leasing and sales fees: AcreX fees.

Questions owners ask

How much does a commercial property manager charge in NJ?

Commercial management in New Jersey typically costs about 3–5% of collected rent (Property Perfected). AcreX charges 3% for industrial, 4% for office and 5% for retail and mixed-use.

Why do houses and small buildings pay a higher percentage?

The work per dollar of rent is higher: more tenants, turnovers and repairs relative to the rent collected.

Is the fee on gross or collected rent?

AcreX charges on rent actually collected, so there is no fee on rent a tenant doesn’t pay.

Can I pass the management fee through to NNN tenants?

Often, if the lease allows it as part of operating expenses or CAM. Check your lease.

Does AcreX manage properties itself?

Yes. AcreX manages properties directly, under its New Jersey broker license, at the rates on this page.

About the broker

Jonathan Libock is the founder and principal broker of AcreX Commercial Real Estate in Caldwell, NJ. He has a decade of experience in commercial real estate, including time at DR Properties, a New York City development brokerage. He specializes in industrial and multifamily land development and also works on development sites in Southeast Florida. Licensed real estate broker in New Jersey (#1757237) and Florida (#BK3462244). AcreX Realty LLC, Licensed Real Estate Broker. Licensure does not imply endorsement.

AcreX Realty LLC is a licensed NJ commercial real estate broker with published fees, at 307 Bloomfield Ave, Caldwell, NJ 07006. General information, not legal or tax advice.