Commercial Real Estate Market in Berkeley, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
279 active listings and 1,548 off-market properties in Berkeley, NJ. Commercial property asks $395/SF to buy and $13.76/SF/Yr to lease.
Market Trends
Berkeley, NJ spans 17.8 square miles in Ocean County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Berkeley, NJ asks $320/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 Berkeley, 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 Berkeley, 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 Berkeley, NJ asks $406/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
Berkeley, NJ has 34,679 residents in 19,302 households. Density runs 1,950 people per square mile. Median household income here is $56,133 and median gross rent $1,714 a month.
34,679
Population
19,302
Households
1.8
Avg Household Size
63
Median Age
19%
College-Educated
90%
High-School Grad
17.8 sq mi
ZIP Area
1,950
Density / Sq Mi
$56,133
Median Household Income
$37,571
Median Earnings
$1,714
Median Rent
$253,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.76/SF/Yr lease vs $395/SF buy → buying wins if held > 27.6 years.
The comparison uses county-wide sale comps against Berkeley asking rents, so the implied 3.5% 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 |
|---|---|---|
| Toms River | $395 (county avg) | $13.76 |
| Beachwood | $395 (county avg) | — |
| Berkeley Township | $395 (county avg) | $11.56 |
| Lavallette | $395 (county avg) | — |
Commercial property in Berkeley, NJ asks $395/SF. The 4 bordering markets run from $395/SF in Toms River to $395/SF in Toms River, and the city sits in line with their $395/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berkeley?
Commercial property in Berkeley, NJ asks an average of $395 per square foot. The 8 most recent recorded sales traded at a median of $431/SF. Multifamily carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Berkeley?
Asking lease rates in Berkeley, NJ average $13.76 per square foot per year.
Is it cheaper to lease or buy commercial space in Berkeley?
Buying beats leasing in Berkeley, NJ if the property is held longer than 27.6 years, comparing $13.76/SF/Yr asking rent with $395/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 Berkeley compare to nearby markets on price?
Berkeley, NJ asks $395/SF against $395/SF in Toms River, $395/SF in Beachwood, $395/SF in Berkeley Township and $395/SF in Lavallette.
Where does Realmo's Berkeley market data come from?
Realmo compiles Berkeley, NJ figures from 8 recent recorded sales, 126 active sale listings, 153 active lease listings, 1,548 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 126 active for-sale and 153 active for-lease listings in Berkeley, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
