New Providence, NJ Commercial Real Estate for Lease and Sale

Explore 15 listings of New Providence commercial real estate to find the best space for your business.

700 Central Avenue

700 Central Avenue, New Providence, NJ
Property

Industrial

160,140 SF
Availability

1 Space

156,363 SF
Year Built

1978
For Lease

$14.50/SF/YR
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Murray Hill Technology Center - 41 Spring Street

41 Spring Street, New Providence, NJ
Property

Office

169,211 SF
Availability

1 Space

25,000 SF
Year Built

1997
For Lease Contact for pricing
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Murray Hill Office Center

571 Central Avenue, New Providence, NJ
Property

Office

48,000 SF
Availability

3 Spaces

3,925 SF
For Lease

$25.00/SF/YR
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Mountain Heights Corporate Center - 420 Mountain Avenue

420 Mountain Avenue, Berkeley Heights, New Providence, NJ
Property

Office

131,956 SF
Availability

3 Spaces

95,412 SF
Year Built

1998
For Lease Contact for pricing
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33 Overlook Road

33 Overlook Road, Summit, NJ
Property

Healthcare

71,151 SF
Availability Contact for availability
Year Built

1993
For Lease Contact for pricing
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The Park - 400 Connell Drive

400 Connell Drive, Berkeley Heights, NJ
Property

Office

260,000 SF
Availability

3 Spaces

73,549 SF
Year Built

2002
For Lease

$42.50/SF/YR
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The Park - 300 Connell Drive

300 Connell Drive, Berkeley Heights, NJ
Property

Office

285,000 SF
Availability

1 Space

4,399 SF
Year Built

1999
For Lease

$42.50/SF/YR
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The Pomerantz Personnel Building

1375 Plainfield Avenue, Watchung, NJ
Property

Office

30,500 SF
Availability

2 Spaces

30,500 SF
Year Built

1987
For Lease Contact for pricing
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51 John F. Kennedy Pkwy

51 John F. Kennedy Pkwy, Canoe Brook Reservoir, Short Hills, NJ
Property

Office

260,741 SF
Availability

1 Space

1,088 SF
Year Built

1985
For Lease Contact for pricing
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275 Morristown Road

275 Morristown Road, Long Hill, NJ
Property

Industrial

8,636 SF
For Sale

Inquire for Pricing
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5 Giralda Farms

5 Giralda Farms, Madison, NJ
Property

Office

465,000 SF
Availability

2 Spaces

215,000 SF
Year Built

1992
For Lease Contact for pricing
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The Short Hills Office Centre

101 JFK Parkway, Canoe Brook Reservoir, Short Hills, NJ
Property

Office

195,000 SF
Availability

1 Space

17,189 SF
Year Built

1981
For Lease Contact for pricing
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126 Central Ave

126 Central Ave, Downtown Westfield, Westfield, NJ
Property

Retail

7,803 SF
Availability

1 Space

987 SF
Year Built

1954
For Lease Contact for pricing
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7 Giralda Farms

7 Giralda Farms, Madison, NJ
Property

Office

203,000 SF
Availability

1 Space

7,350 SF
Year Built

2000
For Lease Contact for pricing
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50 Lawrence Road

50 Lawrence Road, Springfield, NJ
Property

Office

75,835 SF
Availability

1 Space

77,568 SF
Year Built

1968
For Lease

$19.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The New Providence commercial real estate market incorporates 217,211 square feet of office space across 2 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the New Providence market, there is a total of 160,140 square feet of industrial property.

The listing inventory in New Providence incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in New Providence is represented by Industrial space, which accounts for 156,363 square feet of available listings. Office space available in New Providence adds up to 28,925 square feet.

Meanwhile, most of the listings of commercial property for sale in New Providence are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in New Providence, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot.

Conversely, the highest sale price last year was $19,687,460 that is located at 890 Mountain Avenue.

The average size of a commercial property in New Providence depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In New Providence, the average size of an office property is 108,606 square feet.
Industrial space in New Providence is in buildings that are, on average 160,140 square feet in size.

New Providence, NJ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in New Providence currently add up to 185,288 square feet. The market offers 2 active office listing(s), which amount to 28,925 square feet and account for 66% of commercial spaces on the market. Industrial space for rent opportunities in New Providence amount to 156,363 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	2	28,925
Industrial	1	156,363

New Providence, NJ Commercial Real Estate for Lease and Sale

700 Central Avenue

Murray Hill Technology Center - 41 Spring Street

Murray Hill Office Center

Mountain Heights Corporate Center - 420 Mountain Avenue

33 Overlook Road

The Park - 400 Connell Drive

The Park - 300 Connell Drive

The Pomerantz Personnel Building

51 John F. Kennedy Pkwy

275 Morristown Road

5 Giralda Farms

The Short Hills Office Centre

126 Central Ave

7 Giralda Farms

50 Lawrence Road

Frequently Asked Questions

New Providence, NJ Currently Available Listings

Commercial Space for Lease Breakdown

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New Providence, NJ Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in New Providence, NJ?

What factors affect the price of commercial real estate in New Providence, NJ?

What are the best areas for commercial real estate in New Providence, NJ?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in New Providence, NJ?

New Providence, NJ Currently Available Listings

Commercial Space for Lease Breakdown

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About us