Commercial Real Estate Market in New Jersey
New Jersey has 8,546 active for-sale listings and 6,121 active for-lease listings. Statewide, the median asking price is $246/SF and the median asking rent is $21.29/SF/Yr as of November 2026. Realmo tracks 226 city markets here; among the 72 with enough listings to rank, median asking prices range from $98/SF in Mount Holly to $611/SF in Ocean City.
- Median asking price
- $246/SF
- Median asking rent
- $21.29/SF/Yr
- For-sale listings
- 8,546
- For-lease listings
- 6,121
- City markets
- 226
Highest- and Lowest-Priced Markets
Asking prices vary across New Jersey: the median in Ocean City is $611/SF, 6.2x the $98/SF median in Mount Holly. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Ocean City at $611/SF, Point Pleasant Beach at $526/SF and Seaside Heights at $468/SF. The lowest median asking prices are in Mount Holly at $98/SF, Pennsville at $110/SF and Phillipsburg at $118/SF. 36 of 72 ranked markets have median asking prices above the statewide $246/SF.
Asking Rents
The highest median asking rents are in Hoboken at $60.69/SF/Yr, Fort Lee at $33.98/SF/Yr and Jersey City at $30.00/SF/Yr. The lowest median asking rents are in Vineland at $12.00/SF/Yr, Marlton at $16.34/SF/Yr and Camden at $16.34/SF/Yr. 17 of 29 ranked markets have median asking rents above the statewide $21.29/SF/Yr.
New Jersey vs. Neighboring States
The median asking price in New Jersey is $246/SF, above the $171/SF median of its 3 neighboring states. By median asking price, the state ranks 2nd of 4 in the group; New York is highest at $292/SF and Pennsylvania lowest at $146/SF. The median asking rent is $21.29/SF/Yr, compared with $22.66/SF/Yr in New York, $16.05/SF/Yr in Pennsylvania and $17.65/SF/Yr in Delaware next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| New Jersey | $246 | $21.29 | 8,546 | 6,121 |
| Delaware | $171 | $17.65 | 616 | 605 |
| New York | $292 | $22.66 | 25,693 | 11,512 |
| Pennsylvania | $146 | $16.05 | 12,378 | 8,239 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in New Jersey
Realmo tracks 226 city markets in New Jersey; the 40 with the most active listings are listed below. Newark leads with 869 active listings, followed by Jersey City and Paterson.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Newark | 869 | $230 | $24.48 |
| Jersey City | 433 | $317 | $30.00 |
| Paterson | 383 | $262 | $25.32 |
| Riverside | 383 | $262 | $25.32 |
| Trenton | 361 | $181 | $19.00 |
| Elizabeth | 290 | $299 | $22.59 |
| Toms River | 233 | $240 | $20.00 |
| Atlantic City | 186 | $220 | — |
| Camden | 182 | $169 | $16.34 |
| Marlton | 182 | $169 | $16.34 |
| Union City | 174 | $350 | $28.24 |
| Irvington | 160 | $234 | — |
| East Orange | 152 | $172 | — |
| Ocean City | 142 | $611 | — |
| Clifton | 140 | $333 | $26.00 |
| Edison | 135 | $350 | $20.60 |
| New Brunswick | 132 | $355 | — |
| Bayonne | 124 | $301 | $27.80 |
| Vineland | 124 | $162 | $12.00 |
| Asbury Park | 114 | $332 | $28.00 |
| Perth Amboy | 106 | $313 | — |
| Palisades Park | 99 | — | $22.35 |
| Mount Laurel | 96 | $213 | — |
| North Bergen | 96 | — | — |
| Freehold | 94 | $293 | $26.19 |
| Garfield | 93 | — | — |
| Bloomfield | 91 | $316 | — |
| Montclair | 90 | $353 | — |
| Fort Lee | 89 | — | $33.98 |
| Wall Township | 89 | $338 | $17.25 |
| East Brunswick | 88 | $281 | $25.35 |
| Linden | 87 | $258 | — |
| Passaic | 85 | $307 | — |
| Seaside Heights | 85 | $468 | — |
| East Millstone | 83 | $175 | — |
| Franklin Township | 83 | $175 | — |
| Hackensack | 83 | $367 | — |
| Princeton | 80 | — | — |
| Red Bank | 77 | $449 | — |
| South Plainfield | 77 | — | $19.74 |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in New Jersey?
How much does it cost to lease commercial space in New Jersey?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in New Jersey compare with neighboring states?
Which markets in New Jersey have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 8,546 active for-sale and 6,121 active for-lease listings across New Jersey in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 2,807 for-sale and 1,258 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
