Commercial Real Estate Market in Allentown, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 215 off-market properties in Allentown, NJ.
Market Trends
Allentown, NJ spans 27.2 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Allentown, NJ asks $287/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Allentown, NJ asks $406/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Allentown, NJ runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Allentown, NJ asks $370/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 95.7%
- Commercial 4.3%
Largest Zones share of zoned land by district
Residential
Residential
Historic Residential
Historic Residential
Residential
Allentown, NJ zones 398 acres across 12 districts. Commercial zoning covers 4.3% of zoned land, residential 95.7%. The largest single district is Residential at 19.5%. For commercial buyers the practical constraint is that only 4.3% of land carries a commercial or industrial designation.
Residential (R-20)
Classes. [Added 4-20-2021 by Ord. No. 03-2021 ; amended 3-10-2026 by Ord. No. 06-2026 ] For the purposes of this chapter, the Borough of Allentown is divided into the following classes of districts: a. Non-Historic: 1. R-20 Residential. 2. R-13 Residential. 3. R-10 Residential. 4. R-6 Residential. 5. Multi-Family Residential (MF). 6. Multi-Family Residential…
Market overview
Demographics & Economy
Allentown, NJ has 6,574 residents in 2,495 households. Density runs 242 people per square mile. Median household income here is $133,015 and median gross rent $1,457 a month.
6,574
Population
2,495
Households
2.6
Avg Household Size
46
Median Age
60%
College-Educated
96%
High-School Grad
27.2 sq mi
ZIP Area
242
Density / Sq Mi
$133,015
Median Household Income
$71,700
Median Earnings
$1,457
Median Rent
$530,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Upper Freehold | $358 (county avg) | — |
| Upper Freehold Township | $358 (county avg) | — |
| Roosevelt | $358 (county avg) | — |
| East Windsor | $171 (county avg) | $21.17 |
Commercial property in Allentown, NJ asks $358/SF. The 4 bordering markets run from $171/SF in East Windsor to $358/SF in Upper Freehold, and the city sits in line with their $358/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allentown?
Commercial property in Allentown, NJ asks an average of $358 per square foot. The 6 most recent recorded sales traded at a median of $209/SF, so asking sits 71% above the achieved median. Retail carries the highest asking price at $406/SF.
How does Allentown compare to nearby markets on price?
Allentown, NJ asks $358/SF against $358/SF in Upper Freehold, $358/SF in Upper Freehold Township, $358/SF in Roosevelt and $171/SF in East Windsor. East Windsor is the cheapest entry point at 52% below Allentown pricing, with $21.17/SF/Yr asking rents.
What zoning applies to commercial property in Allentown?
Allentown, NJ zones 398 acres across 12 districts, of which 4.3% is commercial and 0% industrial. The largest single district is Residential at 19.5% of zoned land. Classes. [Added 4-20-2021 by Ord. No. 03-2021 ; amended 3-10-2026 by Ord. No. 06-2026 ] For the purposes of this chapter, the Borough of Allentown is divided into the following classes of districts: a. Non-Historic: 1. R-20 Residential. 2. R-13 Residential. 3. R-10 Residential. 4. R-6 Residential. 5. Multi-Family Residential (MF). 6. Multi-Family Residential… Residential zoning covers 95.7% and open space 0%.
Where does Realmo's Allentown market data come from?
Realmo compiles Allentown, NJ figures from 6 recent recorded sales, 12 active sale listings, 215 tracked off-market properties, the current Allentown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Allentown, NJ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 398 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
