Commercial Real Estate Market in Carteret, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 196 off-market properties in Carteret, NJ. Commercial property asks $171/SF to buy and $21.50/SF/Yr to lease.
Market Trends
Carteret, NJ spans 4.4 square miles in Middlesex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Carteret, NJ asks $109/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 Carteret, NJ asks $136/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 Carteret, 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 Carteret, NJ asks $307/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42.4%
- Commercial 5.3%
Largest Zones share of zoned land by district
Moderate Density Residential
Heavy Industry
Heavy Industry
Light Industry
High Density Residential
Moderate Density Residential (R-50)
R-50 Residential Zone regulations. The following regulations shall apply for the R-50 Residential Zone: A. Permitted principal uses shall be as follows: (1) One-family, detached dwelling units. (2) Community residences for the developmentally disabled and community shelters for victims of domestic violence, subject to the following: [Amended 2-19-1998 by Ord…
Market overview
Demographics & Economy
Carteret, NJ has 25,342 residents in 8,717 households. Density runs 5,763 people per square mile. Median household income here is $87,712 and median gross rent $2,012 a month.
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,763
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Port Reading | $171 (county avg) | — |
| Avenel | $171 (county avg) | — |
| Sewaren | $171 (county avg) | — |
| Woodbridge | $171 (county avg) | $19.41 |
Commercial property in Carteret, NJ asks $171/SF. The 4 bordering markets run from $171/SF in Port Reading to $171/SF in Port Reading, and the city sits in line with their $171/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carteret?
Commercial property in Carteret, NJ asks an average of $171 per square foot. The 7 most recent recorded sales traded at a median of $189/SF. Multifamily carries the highest asking price at $307/SF.
How much does it cost to lease commercial space in Carteret?
Asking lease rates in Carteret, NJ average $21.50 per square foot per year.
How does Carteret compare to nearby markets on price?
Carteret, NJ asks $171/SF against $171/SF in Port Reading, $171/SF in Avenel, $171/SF in Sewaren and $171/SF in Woodbridge.
Where does Realmo's Carteret market data come from?
Realmo compiles Carteret, NJ figures from 8 recent recorded sales, 12 active sale listings, 11 active lease listings, 196 tracked off-market properties, the current Carteret zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 11 active for-lease listings in Carteret, 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.
- Zoning and land use
- The current municipal zoning release: 2,752 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
