Commercial Real Estate Market in Franklin Park, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
68 active listings and 417 off-market properties in Franklin Park, NJ. Commercial property asks $168/SF to buy and $11.91/SF/Yr to lease.
Market Trends
Franklin Park, NJ spans 3.5 square miles in Middlesex County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Franklin Park, NJ asks $91/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 Franklin Park, NJ asks $179/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 Franklin 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 Franklin Park, NJ asks $317/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
Franklin Park, NJ has 9,282 residents in 3,445 households. Density runs 2,689 people per square mile. Median household income here is $109,182 and median gross rent $2,242 a month.
9,282
Population
3,445
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
92%
High-School Grad
3.5 sq mi
ZIP Area
2,689
Density / Sq Mi
$109,182
Median Household Income
$54,995
Median Earnings
$2,242
Median Rent
$279,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Brunswick | $168 (county avg) | $11.91 |
| Milltown | $168 (county avg) | $20.85 |
| New Brunswick | $168 (county avg) | $12.43 |
| East Brunswick | $168 (county avg) | $18.40 |
Commercial property in Franklin Park, NJ asks $168/SF. The 4 bordering markets run from $168/SF in South Brunswick to $168/SF in South Brunswick, and the city sits in line with their $168/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin Park?
Commercial property in Franklin Park, NJ asks an average of $168 per square foot. The 3 most recent recorded sales traded at a median of $233/SF. Multifamily carries the highest asking price at $317/SF.
How much does it cost to lease commercial space in Franklin Park?
Asking lease rates in Franklin Park, NJ average $11.91 per square foot per year.
How does Franklin Park compare to nearby markets on price?
Franklin Park, NJ asks $168/SF against $168/SF in South Brunswick, $168/SF in Milltown, $168/SF in New Brunswick and $168/SF in East Brunswick.
Where does Realmo's Franklin Park market data come from?
Realmo compiles Franklin Park, NJ figures from 7 recent recorded sales, 36 active sale listings, 32 active lease listings, 417 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 36 active for-sale and 32 active for-lease listings in Franklin 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
