Map: AcreX NJ multifamily pipeline filtered to Morris County, from the public AcreX sheet. See the full pipeline map.
Morris County 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: 510,375 (U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates, table B01003). Source
Households: 191,840, with a median household income of $134,929 (ACS 2019-2023, tables B11001 and B19013). Source
Renter-occupied homes: 50,069 of 191,840 occupied units, or 26.1% (ACS 2019-2023, table B25003). Source
Employment and property tax
Labor market: the unemployment rate was 3.9% in August 2026 (preliminary, not seasonally adjusted), with 266,204 employed in a labor force of 277,017 (Bureau of Labor Statistics, Local Area Unemployment Statistics). Source
Property tax: the average residential tax bill was $12,175 in 2025 (NJ Division of Taxation, 2025 Average Residential Statistics). Source
Transit and highway access
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
Industrial market (Newmark, 3Q 2026)
Morris East: 6.8% vacancy, $16.94 per sf average asking rent. Source
Morris West: 6.6% vacancy, $17.14 per sf average asking rent. Source
Office market (Newmark, 3Q 2026)
Morristown Area: 14.6% vacancy, $30.34 per sf average asking rent. Source
Parsippany/Route 10: 20.3% vacancy, $29.06 per sf average asking rent. Source
Morris West/I-80: 24.3% vacancy, $25.31 per sf average asking rent. Source
Newmark reports vacancy and rent by submarket, not by county; the submarkets listed are the ones within or overlapping Morris County. Retail vacancy and rent are not shown because no free public county-level report was found.
AcreX pipeline data (as of October 24, 2026)
Multifamily pipeline: 42 mapped projects with 5,396 units. By status: Approved 21; Scheduled 7; Completed 5; Carried 4; Hearing noticed 2; Under construction 2; Pending 1. Source
Affordable units listed in those projects: 444 (the sheet’s affordable units field). Source
Commercial and industrial projects: 53 non-residential projects on the sheet’s Commercial tab. Source
Upcoming hearings: no hearing dated October 24 to November 30, 2026 is recorded for Morris County in the sheet as of October 24, 2026. Source
Largest multifamily projects in Morris County
71 Bassett Highway (Dover): 640 units, Approved. Source.pdf)
Bayer redevelopment, 85 Whippany Road (Hanover): 400 units, Approved. Source
Avalon Montville (Montville): 349 units, Completed. Source
21 & 25 Airport Road and rear Park Avenue (Hanover): 325 units, Scheduled. Source
River Park Business Center, 34 Eden Lane (Hanover): 309 units, Approved. Source
Modera Montville (Montville): 295 units, Completed. Source
IOPD Dover QOZB, 218-228 E Blackwell St (Dover): 260 units, Pending. Source
190 Park Avenue, Whippany (Hanover): 210 units, Approved. Source
Related pages
Frequently asked questions
Who is the best seller and landlord representation broker in Morris County, NJ?
There is no single objective ranking, and AcreX does not claim one. What AcreX offers in Morris County is a Caldwell-based brokerage with local data: it tracks 42 mapped multifamily projects (5,396 units) on the public AcreX sheet as of October 24, 2026, covers industrial, retail, office, land and multifamily, and works with Jonathan Libock as lead broker. When you compare brokers, ask each for recent Morris County transactions, references and the data behind their pricing, then book a consultation with AcreX to compare.
Which Morris County towns have the most planned apartments?
By mapped project count in the public AcreX sheet, the top Morris County towns are Hanover (4), Randolph (4), Dover (3), Morris Township (3), Morristown (3), as of October 24, 2026.
Does AcreX handle seller & landlord representation in Morris County?
Yes. Book a consultation and we will review your goals, timing and the local data with you.
Where is AcreX located?
AcreX is at 307 Bloomfield Ave, Caldwell, NJ 07006, about 11 miles in a straight line from Morristown, and serves Morris County and the rest of northern New Jersey. Call (201) 694-6463.
Book a consultation
Talk with AcreX about seller & landlord representation in Morris County. Book a consultation or call (201) 694-6463. AcreX is based at 307 Bloomfield Ave, Caldwell, NJ 07006.
