Commercial Real Estate Market in Cape May, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 439 off-market properties in Cape May, NJ. Commercial property asks $1,205/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Cape May, NJ spans 20.5 square miles in Cape May County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cape May, NJ asks $268/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 Cape May, NJ asks $341/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 Cape May, 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 Cape May, NJ asks $332/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
Cape May, NJ has 17,090 residents in 13,101 households. Density runs 835 people per square mile. Median household income here is $80,782 and median gross rent $1,149 a month.
17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
835
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Cape May | — | — |
| Cape May Point | — | — |
| Town Bank | — | — |
| Wildwood Crest | — | — |
Commercial property in Cape May, NJ asks $1,205/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cape May?
Commercial property in Cape May, NJ asks an average of $1,205 per square foot. The 6 most recent recorded sales traded at a median of $633/SF, so asking sits 90% above the achieved median. Retail carries the highest asking price at $341/SF.
How much does it cost to lease commercial space in Cape May?
Asking lease rates in Cape May, NJ average $10.00 per square foot per year.
Where does Realmo's Cape May market data come from?
Realmo compiles Cape May, NJ figures from 8 recent recorded sales, 33 active sale listings, 1 active lease listings, 439 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 33 active for-sale and 1 active for-lease listings in Cape May, 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
