Millburn, NJ Commercial Real Estate Broker

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

Millburn 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: 21,793 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source

• Households: 6,999, with a median household income of $250,001 (ACS 2019-2023, tables B11001 and B19013). Source

• Renter-occupied homes: 1,335 of 6,999 occupied units, or 19.1% (ACS 2019-2023, table B25003). Source

• Land area and density: 9.3 square miles, about 2,335 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source

Property tax

• 2025 tax rates: general tax rate 2.019 per $100 of assessed value and effective tax rate 1.571% (NJ Division of Taxation, 2025 General Tax Rates). Source

• Average residential tax bill: $26,298 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source

Access and regional context (Essex County)

• Location: about 7.2 miles in a straight line from the AcreX office in Caldwell (Census Gazetteer internal point). Source

• Transit and highways: I-95 (the New Jersey Turnpike), I-78, I-80 and I-280 cross Essex County, along with U.S. 1/9, U.S. 22, U.S. 46 and the Garden State Parkway. I-280 serves Roseland, Livingston, West Orange, Orange, East Orange and Newark. Source

• Labor market: the Essex County unemployment rate was 5.7% in August 2026 (preliminary, not seasonally adjusted). Source

• Industrial market (Newmark 3Q 2026, submarkets in or overlapping Essex County): Newark 4.7% vacancy, $18.37 per sf; Route 280/Suburban Essex 5.3% vacancy, $15.95 per sf. Source

• Office market (Newmark 3Q 2026): Newark 19.7% vacancy, $29.80 per sf; Essex West/I-280 18.8% vacancy, $28.04 per sf. Source

Newmark reports by submarket, not by town or county, so these figures are regional context rather than Millburn-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 344 units. By status: Under construction 1; Proposed 1. Source

• Affordable units listed in those projects: 69 (the sheet’s affordable units field). Source

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

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

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

Largest multifamily projects in Millburn

• The Residences at Short Hills (Woodmont) (Millburn): 195 units, Proposed. Source

• 249 Millburn Avenue (Millburn): 149 units, Under construction. Source

Project notes

149-unit Annie Sez redevelopment rises in downtown Millburn

Annie Millburn Partners LLC is building a five-story, 149-unit apartment building on the former Annie Sez site at 249 Millburn Avenue, a 2.2-acre corner lot by the train line in downtown Millburn. Thirty units (20%) are affordable family rentals, spread across all floors at the Planning Board’s request, along with a five-level, 324-space garage. The board approved it in 2023, and in July 2026 it memorialized setback variances for the building shell, which is now under construction. Sources: 1, 2.

Commercial projects in Millburn from the sheet

The Commercial tab lists 4 projects in Millburn:

• Urban Edge 187 Millburn Ave fitness tenancy (Barry’s, Jet Set Pilates) and pedestrian plaza (Millburn): retail, 11,000 sf, Approved. Source

• Concierge Pediatrics - former salon unit converted to pediatric medical office, 720 Morris Tpke… (Millburn): medical office, Approved. Source

• CKatzFit Gym - health and fitness facility, 535 Millburn Ave (App #25-003) (Millburn): fitness, Approved. Source

• Russell Speeders Car Wash - renovate and upgrade car wash, 17 E Willow St (CAL#4081-26) (Millburn): car wash, Pending. Source

Related pages

• Essex County commercial real estate broker

• Industrial & Warehouse Real Estate in Essex County

• Retail Real Estate in Essex County

• Office & Medical Office Space in Essex County

• Investment Sales in Essex County

• Property Management in Essex County

• Seller & Landlord Representation in Essex County

• Tenant & Buyer Representation in Essex County

• Land & Development Site Brokerage in Essex County

• Multifamily Brokerage in Essex County

• Maplewood commercial real estate

• Livingston commercial real estate

• South Orange commercial real estate

• West Orange commercial real estate

• Orange commercial real estate

Frequently asked questions

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

There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers Millburn and the rest of Essex County with local data: it tracks 2 mapped multifamily projects (344 units) in Millburn 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 Millburn transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.

How many apartments are planned in Millburn?

The public AcreX sheet maps 2 Millburn projects totaling 344 units across all statuses, as of October 24, 2026.

What is the population of Millburn, NJ?

Millburn had an estimated 21,793 residents and 6,999 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 7.2 miles in a straight line from Millburn, and serves Essex County and the rest of northern New Jersey. Call (201) 694-6463.

Book a consultation

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