Free data · Sourced · Q4 2026
NJ Commercial Property Value Index (Q4 2026)
Sale price per square foot, asking rent per square foot and cap-rate ranges for warehouse, flex, retail, office and outdoor-storage property in 13 North Jersey towns, each with its source and date. Compiled by AcreX from 2026 broker market reports, NJ deed records and press-reported sales.
Last updated November 9, 2026 · Data through Q3 2026 · Next update February 2027
Cite as: AcreX NJ Commercial Value Index, Q4 2026 (acrex.co/nj-commercial-property-value-index). Released November 9, 2026, with market data through Q3 2026. Next update: February 2027. Free to quote and reuse with attribution to AcreX.
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Key figures, Q4 2026
Fairfield is the only town in the index with enough of its own deed sales to price industrial buildings at town level: 13 usable sales of 10,000+ SF from July 2024 to May 2026 had a middle half of $179 to $256 per SF (median $215). Other towns use their county or broker submarket figures, and the table says which.
Industrial asking rents in the covered towns range from $14.02/SF NNN (Passaic County (Route 46 / Route 23)) to $18.39/SF NNN (Morris County East (I-287 / Route 10 / Route 46)). Industrial cap rates run 6.36% to 7.2%; retail averages 7.06% (Matthews, Q3 2026) and office 7.2% to 7.8% statewide (Lee & Associates).
Outdoor storage (IOS) land is the least-documented category: inland North Jersey sales that include small buildings ran about $2.08 million to $2.61 million per acre, while port-area IOS and industrial sites traded at about $3.6 million to $7 million per acre (Hillside, Newark/Kearny and Moonachie sales reported in 2026). No IOS rents are published for these towns.
Index table: every town and property type
| Town | Property type | Sale price (low – high) | Asking rent (low – high) | Cap rate | Vacancy | Geography used | Calculator |
|---|---|---|---|---|---|---|---|
| Fairfield Essex County | Industrial / warehouse | $179 – $256/SF middle $215 | $15.95 – $17.43 $/SF/yr NNN | 6.36% – 7% | 5.3% | Sale: Town (Fairfield deed sales). Rent: Submarket/county: West Essex (Route 280 / Route 46). Cap: Submarket/county: West Essex (Route 280 / Route 46). | Estimate → |
| Fairfield Essex County | Flex / light industrial | $104 – $211/SF middle $145 | $13.49 – $16.11 $/SF/yr NNN | 6.36% – 7% | 5.3% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: West Essex (Route 280 / Route 46). Cap: Submarket/county: West Essex (Route 280 / Route 46) (industrial rates). | Estimate → |
| Fairfield Essex County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Fairfield Essex County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 18.8% | Sale: NJ statewide + local trades. Rent: Newmark Essex West/I-280 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Fairfield Essex County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 18.8% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Essex West/I-280 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Fairfield Essex County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| West Caldwell Essex County | Industrial / warehouse | $174 – $246/SF middle $219 | $15.95 – $17.43 $/SF/yr NNN | 6.36% – 7% | 5.3% | Sale: Submarket/county: West Essex (Route 280 / Route 46). Rent: Submarket/county: West Essex (Route 280 / Route 46). Cap: Submarket/county: West Essex (Route 280 / Route 46). | Estimate → |
| West Caldwell Essex County | Flex / light industrial | $104 – $211/SF middle $145 | $13.49 – $16.11 $/SF/yr NNN | 6.36% – 7% | 5.3% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: West Essex (Route 280 / Route 46). Cap: Submarket/county: West Essex (Route 280 / Route 46) (industrial rates). | Estimate → |
| West Caldwell Essex County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| West Caldwell Essex County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 18.8% | Sale: NJ statewide + local trades. Rent: Newmark Essex West/I-280 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| West Caldwell Essex County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 18.8% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Essex West/I-280 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| West Caldwell Essex County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Totowa Passaic County | Industrial / warehouse | $174 – $246/SF middle $206 | $14.02 – $14.69 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Submarket/county: Passaic County (Route 46 / Route 23). Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23). | Estimate → |
| Totowa Passaic County | Flex / light industrial | $104 – $211/SF middle $145 | $15.00 – $16.11 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23) (industrial rates). | Estimate → |
| Totowa Passaic County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Totowa Passaic County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ statewide + local trades. Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Totowa Passaic County | Small office / medical | $239 – $372/SF middle $312 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Totowa Passaic County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Wayne Passaic County | Industrial / warehouse | $174 – $246/SF middle $206 | $14.02 – $14.69 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Submarket/county: Passaic County (Route 46 / Route 23). Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23). | Estimate → |
| Wayne Passaic County | Flex / light industrial | $104 – $211/SF middle $145 | $15.00 – $16.11 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23) (industrial rates). | Estimate → |
| Wayne Passaic County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Wayne Passaic County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ statewide + local trades. Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Wayne Passaic County | Small office / medical | $239 – $372/SF middle $312 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Wayne Passaic County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Little Falls Passaic County | Industrial / warehouse | $174 – $246/SF middle $206 | $14.02 – $14.69 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Submarket/county: Passaic County (Route 46 / Route 23). Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23). | Estimate → |
| Little Falls Passaic County | Flex / light industrial | $104 – $211/SF middle $145 | $15.00 – $16.11 $/SF/yr NNN | 6.36% – 6.6% | 4.1% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Passaic County (Route 46 / Route 23). Cap: Submarket/county: Passaic County (Route 46 / Route 23) (industrial rates). | Estimate → |
| Little Falls Passaic County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Little Falls Passaic County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ statewide + local trades. Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Little Falls Passaic County | Small office / medical | $239 – $372/SF middle $312 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Little Falls Passaic County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Parsippany-Troy Hills Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| Parsippany-Troy Hills Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| Parsippany-Troy Hills Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Parsippany-Troy Hills Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ statewide + local trades. Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Parsippany-Troy Hills Morris County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Parsippany-Troy Hills Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| East Hanover Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| East Hanover Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| East Hanover Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| East Hanover Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ statewide + local trades. Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| East Hanover Morris County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| East Hanover Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ statewide + local trades. Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Hanover Township (Whippany/Cedar Knolls) Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Florham Park Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| Florham Park Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| Florham Park Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Florham Park Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 14.6% | Sale: NJ statewide + local trades. Rent: Newmark Morristown Area submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Florham Park Morris County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 14.6% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Morristown Area submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Florham Park Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Montville (Pine Brook) Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| Montville (Pine Brook) Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| Montville (Pine Brook) Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Montville (Pine Brook) Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ statewide + local trades. Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Montville (Pine Brook) Morris County | Small office / medical | $239 – $372/SF middle $312 | $26.69 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 20.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Parsippany/Route 10 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Montville (Pine Brook) Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Lincoln Park Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.91 – $18.39 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). | Estimate → |
| Lincoln Park Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $14.16 – $16.11 $/SF/yr NNN | 6.36% – 7.2% | 6.8% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County East (I-287 / Route 10 / Route 46). Cap: Submarket/county: Morris County East (I-287 / Route 10 / Route 46) (industrial rates). | Estimate → |
| Lincoln Park Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Lincoln Park Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ statewide + local trades. Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Lincoln Park Morris County | Small office / medical | $239 – $372/SF middle $312 | $24.45 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 9.2% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Route 46/Wayne submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Lincoln Park Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Rockaway Township Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.28 – $17.14 $/SF/yr NNN | 6.36% – 7.2% | 6.6% | Sale: Submarket/county: Morris County West (I-80). Rent: Submarket/county: Morris County West (I-80). Cap: Submarket/county: Morris County West (I-80). | Estimate → |
| Rockaway Township Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $16.11 – $17.82 $/SF/yr NNN | 6.36% – 7.2% | 6.6% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County West (I-80). Cap: Submarket/county: Morris County West (I-80) (industrial rates). | Estimate → |
| Rockaway Township Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Rockaway Township Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $25.31 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 24.3% | Sale: NJ statewide + local trades. Rent: Newmark Morris West/I-80 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Rockaway Township Morris County | Small office / medical | $239 – $372/SF middle $312 | $25.31 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 24.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Morris West/I-80 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Rockaway Township Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
| Rockaway Borough Morris County | Industrial / warehouse | $174 – $246/SF middle $199 | $16.28 – $17.14 $/SF/yr NNN | 6.36% – 7.2% | 6.6% | Sale: Submarket/county: Morris County West (I-80). Rent: Submarket/county: Morris County West (I-80). Cap: Submarket/county: Morris County West (I-80). | Estimate → |
| Rockaway Borough Morris County | Flex / light industrial | $104 – $211/SF middle $145 | $16.11 – $17.82 $/SF/yr NNN | 6.36% – 7.2% | 6.6% | Sale: Local flex trades + NJ deed sales. Rent: Submarket/county: Morris County West (I-80). Cap: Submarket/county: Morris County West (I-80) (industrial rates). | Estimate → |
| Rockaway Borough Morris County | Retail | $115 – $246/SF middle $196 | $27.95 – $30.50 $/SF/yr NNN | 7.06% | 3.3% | Sale: Northern NJ metro (retail 10,000+ SF). Rent: Northern NJ metro. Cap: Northern NJ metro. | Estimate → |
| Rockaway Borough Morris County | Office (20,000+ SF) | $111 – $216/SF middle $122 | $25.31 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 24.3% | Sale: NJ statewide + local trades. Rent: Newmark Morris West/I-80 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Rockaway Borough Morris County | Small office / medical | $239 – $372/SF middle $312 | $25.31 – $32.46 $/SF/yr full service | 7.2% – 7.8% | 24.3% | Sale: NJ deed sales (under 10,000 SF). Rent: Newmark Morris West/I-80 submarket; NAI Class A/B average. Cap: NJ statewide. | Estimate → |
| Rockaway Borough Morris County | Outdoor storage (IOS) / land | $2.08M – $2.61M per acre middle $2.35M | Not published | – | – | Sale: Inland North Jersey sales that include buildings. Rent: –. Cap: not published. Sources: press-reported sales, NJ SR-1A deed records | Estimate → |
Cite as: AcreX NJ Commercial Value Index, Q4 2026 (acrex.co/nj-commercial-property-value-index)
Compare towns: industrial / warehouse
One row per town. “Sale level” shows whether the sale range is the town’s own deed sales or its county/submarket. Use the full table above for retail, office, flex and IOS.
| Town | Sale $/SF | Sale level | Asking rent $/SF/yr | Cap rate | Vacancy | Calculator |
|---|---|---|---|---|---|---|
| Fairfield | $179 – $256/SF | Town (Fairfield deed sales) | $15.95 – $17.43 NNN | 6.36% – 7% | 5.3% | Open → |
| West Caldwell | $174 – $246/SF | West Essex (Route 280 / Route 46) | $15.95 – $17.43 NNN | 6.36% – 7% | 5.3% | Open → |
| Totowa | $174 – $246/SF | Passaic County (Route 46 / Route 23) | $14.02 – $14.69 NNN | 6.36% – 6.6% | 4.1% | Open → |
| Wayne | $174 – $246/SF | Passaic County (Route 46 / Route 23) | $14.02 – $14.69 NNN | 6.36% – 6.6% | 4.1% | Open → |
| Little Falls | $174 – $246/SF | Passaic County (Route 46 / Route 23) | $14.02 – $14.69 NNN | 6.36% – 6.6% | 4.1% | Open → |
| Parsippany-Troy Hills | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| East Hanover | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| Hanover Township (Whippany/Cedar Knolls) | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| Florham Park | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| Montville (Pine Brook) | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| Lincoln Park | $174 – $246/SF | Morris County East (I-287 / Route 10 / Route 46) | $16.91 – $18.39 NNN | 6.36% – 7.2% | 6.8% | Open → |
| Rockaway Township | $174 – $246/SF | Morris County West (I-80) | $16.28 – $17.14 NNN | 6.36% – 7.2% | 6.6% | Open → |
| Rockaway Borough | $174 – $246/SF | Morris County West (I-80) | $16.28 – $17.14 NNN | 6.36% – 7.2% | 6.6% | Open → |
How the index is built
Each row takes the narrowest published geography that covers the town: the town itself when it has enough NJ SR-1A deed sales with recorded building SF, otherwise the broker submarket (for example Newmark’s Route 46/23 corridor or Blauberg’s West Essex region), otherwise the county or Northern New Jersey metro figure. Sale ranges combine broker-report averages with the 25th to 75th percentile of usable deed sales. Rent and cap-rate ranges are the low and high of the published figures for that geography. Nothing is estimated where no source exists; those cells say “not published”.
Full formulas and worked examples are on the methodology page. To value a specific building, use the commercial property value calculator.
Sources
Newmark, Northern/Central New Jersey Industrial Market Report 3Q26 (2026-10). Submarket average asking rent, $/SF/yr NNN; vacancy
Newmark, Northern/Central New Jersey Office Market Report 3Q26 (2026-10). Submarket total asking rent, $/SF/yr full service; vacancy
Cushman & Wakefield, New Jersey Industrial MarketBeat Q2 2026 (2026-07). Weighted net asking rent by submarket: W/D (warehouse/distribution) and HT (high-tech/flex)
Blauberg Group, Market Report 3rd Quarter 2026 (industrial; data from CoStar and internal research) (2026-10). County/submarket average market rent, sale price/SF and cap rate
Blauberg Group, Market Report 1st Quarter 2026 (industrial single-story; data from CoStar and internal research) (2026-04). County/submarket average market rent, sale price/SF and cap rate
Matthews, Northern New Jersey Industrial Market Report Q3 2026 (2026-10-30). Metro average cap rate 6.36%, $214/SF, asking rent $16.59/SF
Matthews, Northern New Jersey Retail Market Report Q3 2026 (2026-10-30). Metro average cap rate 7.06%, $283/SF, asking rent $27.95/SF, vacancy 3.3%
Marcus & Millichap / IPA, Northern New Jersey Retail Market Report 3Q26 (2026-09). Average asking rent $30.50/SF; vacancy 3.0%
Lee & Associates, New Jersey Industrial Q3 2026 (2026-10). Statewide: sale price $257.06/SF, cap rate 6.8%, NNN asking $13.74/SF
Lee & Associates, New Jersey Office Q3 2026 (2026-10). Statewide: sale price $/SF and cap rate, Q3 2025 to Q3 2026
NAI James E. Hanson, 3Q 2026 Office Report (press release) (2026-10). Class A $32.46/SF, Class B $26.69/SF average asking
NAI James E. Hanson, Meadowlands Industrial Market Report 3Q 2026 (2026-10). Average asking $16.33/SF NNN; Class A $21.95/SF
NJ Division of Taxation SR-1A deed sales files (Sales2025, Sales2026, YTD 2026), building SF from the SR-1A record or MOD-IV; AcreX calculation (2026-11-09). Usable (arm’s-length) single-parcel class 4A/4B sales of $500,000+, deed dates Jan 2024 to Jun 2026, where building SF is on record. Quartiles shown.
Press-reported sales on the AcreX transactions page (Real Estate NJ, ROI-NJ, NJBIZ, Small Bay Daily, REBusinessOnline, IOS List, nj.com) (2026-11-09). Price divided by reported building SF or acres
Real Estate NJ, “Site strategy: How investors large and small are driving New Jersey’s industrial outdoor storage market” (2026). Moonachie 1.44-acre IOS portfolio, about $10M, nearly $7M per acre
nj.com, “Industrial outdoor storage space sells for $68.5M near Port Newark” (2026-11). About 15 acres (7 + 8) in Newark and Kearny for $68.5M, about $4.57M per acre
Real Estate NJ, “PSE&G buys Hillside industrial site for $4.4 million” (2026-02-12). 1.2 acres with a 15,677 SF building for $4.35M, about $3.63M per acre
REDCOM, “Commercial Construction Costs in NJ: What to Budget in 2026” (contractor guide) (2026-06). Hard cost $/SF ranges by building type; North Jersey +10% to +20%; soft costs 20% to 35%
BOMA International, 2022 Office Market Study (BOMA/New Jersey) (2022). Office operating expense $8.94/SF/yr (2022 data)
Not an appraisal. Figures are averages and ranges from the sources above and will not match any single property. AcreX Realty LLC, NJ real estate broker #2550575.