Commercial Real Estate Market in Asbury Park, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
112 active listings and 556 off-market properties in Asbury Park, NJ. Commercial property asks $358/SF to buy and $27.07/SF/Yr to lease.
Market Trends
Asbury Park, NJ spans 12.2 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Asbury Park, 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 Asbury Park, 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 Asbury Park, 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 Asbury Park, 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
Market overview
Demographics & Economy
Asbury Park, NJ has 39,397 residents in 19,321 households. Density runs 3,222 people per square mile. Median household income here is $95,691 and median gross rent $1,496 a month.
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,222
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.07/SF/Yr lease vs $358/SF buy → buying wins if held > 2.6 years.
The comparison uses county-wide sale comps against Asbury Park asking rents, so the implied 7.6% 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 |
|---|---|---|
| Ocean Grove | $358 (county avg) | — |
| Interlaken | $358 (county avg) | — |
| Loch Arbour | $358 (county avg) | — |
| Bradley Beach | $358 (county avg) | — |
Commercial property in Asbury Park, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Ocean Grove to $358/SF in Ocean Grove, 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 Asbury Park?
Commercial property in Asbury Park, NJ asks an average of $358 per square foot. The 6 most recent recorded sales traded at a median of $296/SF, so asking sits 21% above the achieved median. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Asbury Park?
Asking lease rates in Asbury Park, NJ average $27.07 per square foot per year.
Is it cheaper to lease or buy commercial space in Asbury Park?
Buying beats leasing in Asbury Park, NJ if the property is held longer than 2.6 years, comparing $27.07/SF/Yr asking rent with $358/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 Asbury Park compare to nearby markets on price?
Asbury Park, NJ asks $358/SF against $358/SF in Ocean Grove, $358/SF in Interlaken, $358/SF in Loch Arbour and $358/SF in Bradley Beach.
Where does Realmo's Asbury Park market data come from?
Realmo compiles Asbury Park, NJ figures from 7 recent recorded sales, 53 active sale listings, 59 active lease listings, 556 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 59 active for-lease listings in Asbury Park, 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 August 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 August 2026 · report a data issue
