Cranford, NJ Commercial Real Estate Broker

Map: AcreX NJ multifamily pipeline filtered to Cranford, from the public AcreX sheet. See the full pipeline map.

Cranford market snapshot

Public statistics with sources and as-of dates. Pipeline figures are from the public AcreX sheet as of October 24, 2026.

Population and households

• Population: 23,841 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source

• Households: 9,410, with a median household income of $148,629 (ACS 2019-2023, tables B11001 and B19013). Source

• Renter-occupied homes: 2,033 of 9,410 occupied units, or 21.6% (ACS 2019-2023, table B25003). Source

• Land area and density: 4.8 square miles, about 4,931 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source

Property tax

• 2025 tax rates: general tax rate 7.248 per $100 of assessed value and effective tax rate 2.106% (NJ Division of Taxation, 2025 General Tax Rates). Source

• Average residential tax bill: $13,729 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source

Access and regional context (Union County)

• Location: about 12.8 miles in a straight line from the AcreX office in Caldwell (Census Gazetteer internal point). Source

• Transit and highways: Union County is crossed by the New Jersey Turnpike (I-95), the Garden State Parkway, I-78, I-278 and routes 1/9, 22 and 24. NJ Transit serves it on the Northeast Corridor, North Jersey Coast Line, Raritan Valley Line, Morristown Line and Gladstone Branch, and the Port Newark-Elizabeth Marine Terminal is part of the Port Authority network. Source

• Labor market: the Union County unemployment rate was 5.0% in August 2026 (preliminary, not seasonally adjusted). Source

• Industrial market (Newmark 3Q 2026, submarkets in or overlapping Union County): Linden/Elizabeth 6.3% vacancy, $17.38 per sf; Union Central 3.6% vacancy, $14.77 per sf. Source

• Office market (Newmark 3Q 2026): Union Area 8.8% vacancy, $23.87 per sf. Source

Newmark reports by submarket, not by town or county, so these figures are regional context rather than Cranford-specific. Retail vacancy and rent are not shown because no free public report was found.

AcreX pipeline data (as of October 24, 2026)

• Multifamily pipeline: 2 mapped projects with 273 units. By status: Scheduled 1; Under construction 1. Source

• Affordable units listed in those projects: 3 (the sheet’s affordable units field). Source

• Commercial and industrial projects: 4 non-residential projects in Cranford on the sheet’s Commercial tab. Source

• Upcoming hearings: no hearing dated October 24 to November 30, 2026 is recorded for Cranford in the sheet as of October 24, 2026. Source

• Municipal land-use sources: Cranford website, planning board, zoning board, public notices. Source

Largest multifamily projects in Cranford

• Fairways at Cranford (Cranford): 250 units, Under construction. Source

• 545A Lexington Avenue & 547-549 Lexington Avenue (Cranford): 23 units, Scheduled. Source

Project notes

Hartz opens Fairways at Cranford, a 250-unit rental community on Walnut Avenue

Hartz Mountain Industries unveiled Fairways at Cranford, a 250-unit luxury apartment property at 750 Walnut Avenue built as part of a Cranford redevelopment, with first residents expected in February 2025. The community offers one- and two-bedroom units, clubrooms with outdoor access, a fitness center and coworking spaces with private meeting rooms, and each building has a lobby. March Associates Construction is the general contractor, and Minno & Wasko Architects and Planners designed it. Hartz’s president Gus Milano said it responds to demand for housing in the area. Sources: 1.

Age-restricted townhouses on Lexington Avenue in Cranford

J. Tan & M. Tog LLC sought a d(1) use variance from Cranford’s Zoning Board of Adjustment, case ZBA 23-017, to build an age-restricted townhouse development at 545A and 547-549 Lexington Avenue, Block 457 Lots 8 and 9. The bifurcated application calls for 23 residential units in five three-story buildings, three of them affordable and 20 at market rate. A revised resolution of memorialization was adopted on March 23, 2026. Sources: 1.

Commercial projects in Cranford from the sheet

The Commercial tab lists 4 projects in Cranford:

• Hartz Mountain - 730 and 740 Walnut Ave warehouses (Cranford): warehouse, 241,200 sf, Completed. Source

• Nan Realty self-storage, 16 Commerce Dr (Cranford): self-storage, 36,950 sf, Approved. Source

• Mehrok Realty - car wash, detailing and pet wash added at gas station, 401 North Ave E (ZBA 24-005) (Cranford): car wash, Pending. Source

• 542 South Ave E - d(1) use variance for retail use in an existing warehouse building with loading… (Cranford): retail, Approved. Source

Related pages

• Union County commercial real estate broker

• Industrial & Warehouse Real Estate in Union County

• Retail Real Estate in Union County

• Office & Medical Office Space in Union County

• Investment Sales in Union County

• Property Management in Union County

• Seller & Landlord Representation in Union County

• Tenant & Buyer Representation in Union County

• Land & Development Site Brokerage in Union County

• Multifamily Brokerage in Union County

• Westfield commercial real estate

• Union Township commercial real estate

• Rahway commercial real estate

• Linden commercial real estate

• Summit commercial real estate

Frequently asked questions

Who is the best commercial real estate broker in Cranford, NJ?

There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers Cranford and the rest of Union County with local data: it tracks 2 mapped multifamily projects (273 units) in Cranford on the public AcreX sheet as of October 24, 2026, works with Jonathan Libock as lead broker, and offers industrial, retail, office, land, multifamily and investment sales services. When you compare brokers, ask each for recent Cranford transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.

How many apartments are planned in Cranford?

The public AcreX sheet maps 2 Cranford projects totaling 273 units across all statuses, as of October 24, 2026.

What is the population of Cranford, NJ?

Cranford had an estimated 23,841 residents and 9,410 households in the Census Bureau American Community Survey 2019-2023 5-year estimates.

Where is AcreX located?

AcreX is at 307 Bloomfield Ave, Caldwell, NJ 07006, about 12.8 miles in a straight line from Cranford, and serves Union County and the rest of northern New Jersey. Call (201) 694-6463.

Book a consultation

Talk with AcreX about commercial real estate in Cranford. Book a consultation or call (201) 694-6463. AcreX is based at 307 Bloomfield Ave, Caldwell, NJ 07006.