Randolph, NJ Commercial Real Estate Broker

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

Randolph 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: 26,460 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source

• Households: 9,151, with a median household income of $176,471 (ACS 2019-2023, tables B11001 and B19013). Source

• Renter-occupied homes: 2,093 of 9,151 occupied units, or 22.9% (ACS 2019-2023, table B25003). Source

• Land area and density: 20.9 square miles, about 1,266 residents per square mile (Census Bureau 2023 Gazetteer and ACS population). Source

Property tax

• 2025 tax rates: general tax rate 2.932 per $100 of assessed value and effective tax rate 2.263% (NJ Division of Taxation, 2025 General Tax Rates). Source

• Average residential tax bill: $14,467 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source

Access and regional context (Morris County)

• Location: about 15.8 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 Randolph-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: 4 mapped projects with 292 units. By status: Approved 3; Under construction 1. Source

• Affordable units listed in those projects: 40 (the sheet’s affordable units field). Source

• Commercial and industrial projects: 1 non-residential project in Randolph on the sheet’s Commercial tab. Source

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

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

Largest multifamily projects in Randolph

• 821 Route 10 (Randolph): 100 units, Approved. Source

• 879 Route 10 (Randolph): 92 units, Approved. Source

• 855 Route 10 (Randolph): 75 units, Approved. Source

• Sussex Woods (Randolph): 25 units, Under construction. Source

Project notes

Sussex Woods: 25 affordable homes, including special-needs units, begin construction in Randolph

Construction began in May 2026 on Sussex Woods, a 25-unit, fully affordable development at 1162 Sussex Turnpike in Randolph by LJS Development. It has five one-bedroom, 12 two-bedroom and eight three-bedroom apartments for households at 20 to 60 percent of area median income. Six apartments are designated for the New Jersey Healthy Housing program and are fully handicap accessible, and three are reserved for residents served by the Division of Developmental Disabilities, WRNJ Radio reported on May 13, 2026. Sources: 1.

Commercial projects in Randolph from the sheet

The Commercial tab lists 1 project in Randolph:

• Rest is Real - property maintenance warehouse and storage with accessory office, 1569 Sussex Tpke… (Randolph): warehouse, Approved. Source

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

• Dover commercial real estate

• Morris Township commercial real estate

• Morristown commercial real estate

• Hanover commercial real estate

• Parsippany-Troy Hills commercial real estate

Frequently asked questions

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

There is no single objective ranking, and AcreX does not claim one. AcreX is a Caldwell-based brokerage that covers Randolph and the rest of Morris County with local data: it tracks 4 mapped multifamily projects (292 units) in Randolph 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 Randolph transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.

How many apartments are planned in Randolph?

The public AcreX sheet maps 4 Randolph projects totaling 292 units across all statuses, as of October 24, 2026.

What is the population of Randolph, NJ?

Randolph had an estimated 26,460 residents and 9,151 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 15.8 miles in a straight line from Randolph, 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 Randolph. Book a consultation or call (201) 694-6463. AcreX is based at 307 Bloomfield Ave, Caldwell, NJ 07006.