New Providence, NJ Commercial Real Estate Broker

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

New Providence 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: 13,577 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source

• Households: 5,201, with a median household income of $162,877 (ACS 2019-2023, tables B11001 and B19013). Source

• Renter-occupied homes: 1,269 of 5,201 occupied units, or 24.4% (ACS 2019-2023, table B25003). Source

• Land area and density: 3.7 square miles, about 3,681 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source

Property tax

• 2025 tax rates: general tax rate 5.242 per $100 of assessed value and effective tax rate 2.049% (NJ Division of Taxation, 2025 General Tax Rates). Source

• Average residential tax bill: $16,231 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source

Access and regional context (Union County)

• Location: about 11.9 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 New Providence-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 401 units. By status: Approved 2. Source

• Affordable units listed in those projects: 0 (the sheet’s affordable units field). Source

• Commercial and industrial projects: 5 non-residential projects in New Providence on the sheet’s Commercial tab. Source

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

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

Largest multifamily projects in New Providence

• 70 Ryder Way (New Providence): 297 units, Approved. Source

• 121 Chanlon Road (New Providence): 104 units, Approved. Source

Project notes

Toll Brothers’ New Providence townhome plan approved at 83 units

New Providence’s Planning Board approved Toll Brothers’ townhome community at 121 Chanlon Road in 2026 after the developer cut it from 104 to 83 homes. All 21 affordable units were kept. The 6.5-acre former office site will have 12 buildings: 62 three-bedroom market-rate townhouses with two-car garages, and affordable one- to three-bedroom units spread across eight of the buildings. The Borough Council took up a developer’s agreement in August 2026, which requires Toll to finish the site improvements within four years. Sources: 1, 2.

Commercial projects in New Providence from the sheet

The Commercial tab lists 5 projects in New Providence:

• B&T Realty retail addition, 35-41 South St (New Providence): retail, 30,477 sf, Pending. Source

• Sha Gun Holdings day care, 165 South St (New Providence): commercial (child care), 12,715 sf, Approved. Source

• 80 South Street LLC - enclose former bank drive-through as ~546 sf garage for a food truck, 80… (New Providence): restaurant (food truck garage), 546 sf, Approved. Source

• New Providence Wings - change of use to Buffalo Wild Wings restaurant in former Max Challenge gym… (New Providence): restaurant, Approved. Source

• Club Pilates New Providence - fitness center d variance, 1682 Springfield Ave (App #2024-14) (New Providence): fitness, 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

• Berkeley Heights commercial real estate

• Summit commercial real estate

• Springfield commercial real estate

• Westfield commercial real estate

• Scotch Plains commercial real estate

Frequently asked questions

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

There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers New Providence and the rest of Union County with local data: it tracks 2 mapped multifamily projects (401 units) in New Providence 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 New Providence transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.

How many apartments are planned in New Providence?

The public AcreX sheet maps 2 New Providence projects totaling 401 units across all statuses, as of October 24, 2026.

What is the population of New Providence, NJ?

New Providence had an estimated 13,577 residents and 5,201 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 11.9 miles in a straight line from New Providence, 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 New Providence. Book a consultation or call (201) 694-6463. AcreX is based at 307 Bloomfield Ave, Caldwell, NJ 07006.