Morris Township, NJ Commercial Real Estate Broker

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

Morris Township 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: 23,239 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source

• Households: 8,442, with a median household income of $194,142 (ACS 2019-2023, tables B11001 and B19013). Source

• Renter-occupied homes: 1,202 of 8,442 occupied units, or 14.2% (ACS 2019-2023, table B25003). Source

• Land area and density: 15.7 square miles, about 1,482 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source

Property tax

• 2025 tax rates: general tax rate 1.968 per $100 of assessed value and effective tax rate 1.547% (NJ Division of Taxation, 2025 General Tax Rates). Source

• Average residential tax bill: $11,247 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source

Access and regional context (Morris County)

• Location: about 11.8 miles in a straight line from the AcreX office in Caldwell (Census Gazetteer internal point). Source

• Transit and highways: Morris County is served by I-80, I-280, I-287, U.S. 46, U.S. 202 and U.S. 206, and routes 10, 23 and 24. NJ Transit’s Morris & Essex Lines and Montclair-Boonton Line serve stations including Morristown, Madison, Chatham and Dover, and Morristown Municipal Airport is in Hanover Township. Source

• Labor market: the Morris County unemployment rate was 3.9% in August 2026 (preliminary, not seasonally adjusted). Source

• Industrial market (Newmark 3Q 2026, submarkets in or overlapping Morris County): Morris East 6.8% vacancy, $16.94 per sf; Morris West 6.6% vacancy, $17.14 per sf. Source

• Office market (Newmark 3Q 2026): Morristown Area 14.6% vacancy, $30.34 per sf; Parsippany/Route 10 20.3% vacancy, $29.06 per sf; Morris West/I-80 24.3% vacancy, $25.31 per sf. Source

Newmark reports by submarket, not by town or county, so these figures are regional context rather than Morris Township-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: 3 mapped projects with 182 units. By status: Scheduled 2; Hearing noticed 1. Source

• Affordable units listed in those projects: 77 (the sheet’s affordable units field). Source

• Commercial and industrial projects: 0 non-residential projects in Morris Township on the sheet’s Commercial tab. Source

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

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

Largest multifamily projects in Morris Township

• 300 Madison Avenue (Morris Township): 118 units, Scheduled. Source

• 540 W. Hanover Ave. / 79 Ketch Road / 99 Ketch Road (Morris Township): 50 units, Scheduled. Source

• 291 James Street (Morris Township): 14 units, Hearing noticed. Source

Project notes

Toll Brothers’ 118-townhome inclusionary community at 300 Madison Avenue

Toll NJ I, LLC, the Toll Brothers entity, seeks site plan approval from Morris Township’s Planning Board, case PB-03-26, for an inclusionary residential community at 300 Madison Avenue, Block 8601 Lot 4. The plan has 118 units in 16 traditional and stacked townhome buildings, with 94 market-rate and 24 affordable homes. The hearing continued from September 14 to the board’s October 19, 2026 agenda. Sources: 1, 2.

Morris Ketch Road’s 50-unit, all-affordable project moves forward

Morris Ketch Road, LLC sought final major site plan approval and a minor subdivision extension from Morris Township’s Planning Board, case PB-06-26, for a 100% affordable housing project at 540 W. Hanover Ave. and 79 and 99 Ketch Road, Block 1901. All 50 units are affordable, with no market-rate homes. The board approved it on July 20, 2026 and memorialized the resolution on its August 17 agenda. Sources: 1.

Executive West approved for 14 townhouses on James Street

Morris Township’s Planning Board granted Executive West, LLC site plan approval on October 5, 2026, in case PB-07-26, to demolish existing improvements at 291 James Street, Block 6705 Lot 5. The applicant will build three two-story townhouse structures containing 14 dwelling units, three affordable and 11 market rate. A formal resolution is to be adopted at a later meeting of the board. Sources: 1.

Related pages

• Morris County commercial real estate broker

• Industrial & Warehouse Real Estate in Morris County

• Retail Real Estate in Morris County

• Office & Medical Office Space in Morris County

• Investment Sales in Morris County

• Property Management in Morris County

• Seller & Landlord Representation in Morris County

• Tenant & Buyer Representation in Morris County

• Land & Development Site Brokerage in Morris County

• Multifamily Brokerage in Morris County

• Morristown commercial real estate

• Hanover commercial real estate

• Randolph commercial real estate

• Parsippany-Troy Hills commercial real estate

• Dover commercial real estate

Frequently asked questions

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

There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers Morris Township and the rest of Morris County with local data: it tracks 3 mapped multifamily projects (182 units) in Morris Township 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 Morris Township transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.

How many apartments are planned in Morris Township?

The public AcreX sheet maps 3 Morris Township projects totaling 182 units across all statuses, as of October 24, 2026.

What is the population of Morris Township, NJ?

Morris Township had an estimated 23,239 residents and 8,442 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 11.8 miles in a straight line from Morris Township, and serves Morris County and the rest of northern New Jersey. Call (201) 694-6463.

Book a consultation

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