Commercial Real Estate Market in Allentown, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 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 October 2026.
Office
Across Monmouth County, office space asks $292/SF to buy. Office vacancy in Allentown, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Monmouth County, retail space asks $375/SF to buy. Retail vacancy in Allentown, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
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%.
Multifamily
Across Monmouth County, multifamily space asks $416/SF to buy. Multifamily vacancy in Allentown, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Allentown?
What zoning applies to commercial property in Allentown?
Where does Realmo's Allentown market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 0 active for-lease listings in Allentown, NJ. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
