Commercial Real Estate Market in Basking Ridge, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 131 off-market properties in Basking Ridge, NJ.
Market Trends
Basking Ridge, NJ spans 27.3 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Basking Ridge, NJ asks $6/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 Basking Ridge, NJ asks $92/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 Basking Ridge, 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 Basking Ridge, NJ asks $327/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
Basking Ridge, NJ has 28,371 residents in 10,974 households. Density runs 1,039 people per square mile. Median household income here is $184,630 and median gross rent $2,330 a month.
28,371
Population
10,974
Households
2.6
Avg Household Size
45
Median Age
73%
College-Educated
97%
High-School Grad
27.3 sq mi
ZIP Area
1,039
Density / Sq Mi
$184,630
Median Household Income
$101,310
Median Earnings
$2,330
Median Rent
$769,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Liberty Corner | — | — |
| Millington | — | — |
| Stirling | — | — |
| Bernardsville | — | $11.08 |
Commercial property in Basking Ridge, NJ asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Basking Ridge?
Commercial property in Basking Ridge, NJ asks an average of $45 per square foot. The 6 most recent recorded sales traded at a median of $438/SF. Multifamily carries the highest asking price at $327/SF.
Where does Realmo's Basking Ridge market data come from?
Realmo compiles Basking Ridge, NJ figures from 7 recent recorded sales, 4 active sale listings, 13 active lease listings, 131 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 4 active for-sale and 13 active for-lease listings in Basking Ridge, 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.
- 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
- 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
