Commercial Real Estate Market in Allenwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
144 active listings and 1,113 off-market properties in Allenwood, NJ. Commercial property asks $360/SF to buy and $18.85/SF/Yr to lease.
Market Trends
Allenwood, NJ spans 2.6 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Allenwood, NJ asks $292/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 Allenwood, NJ asks $375/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 Allenwood, 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 Allenwood, NJ asks $416/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
Market overview
Demographics & Economy
Allenwood, NJ has 899 residents in 287 households. Density runs 341 people per square mile. Median household income here is $218,173.
899
Population
287
Households
3.1
Avg Household Size
52
Median Age
43%
College-Educated
97%
High-School Grad
2.6 sq mi
ZIP Area
341
Density / Sq Mi
$218,173
Median Household Income
$65,682
Median Earnings
$0
Median Rent
$757,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.85/SF/Yr lease vs $360/SF buy → buying wins if held > 8.5 years.
The comparison uses county-wide sale comps against Allenwood asking rents, so the implied 5.2% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wall Township | $360 (county avg) | $18.85 |
| Brielle | $360 (county avg) | — |
| Sea Girt | $360 (county avg) | — |
Commercial property in Allenwood, NJ asks $360/SF. The 3 bordering markets run from $360/SF in Wall Township to $360/SF in Wall Township, and the city sits in line with their $360/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allenwood?
Commercial property in Allenwood, NJ asks an average of $360 per square foot. The 6 most recent recorded sales traded at a median of $379/SF. Multifamily carries the highest asking price at $416/SF.
How much does it cost to lease commercial space in Allenwood?
Asking lease rates in Allenwood, NJ average $18.85 per square foot per year.
Is it cheaper to lease or buy commercial space in Allenwood?
Buying beats leasing in Allenwood, NJ if the property is held longer than 8.5 years, comparing $18.85/SF/Yr asking rent with $360/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Allenwood compare to nearby markets on price?
Allenwood, NJ asks $360/SF against $360/SF in Wall Township, $360/SF in Brielle and $360/SF in Sea Girt.
Where does Realmo's Allenwood market data come from?
Realmo compiles Allenwood, NJ figures from 6 recent recorded sales, 98 active sale listings, 46 active lease listings, 1,113 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 98 active for-sale and 46 active for-lease listings in Allenwood, 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.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
