Commercial Real Estate Market in Franklin Township, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
89 active listings and 1,209 off-market properties in Franklin Township, NJ. Commercial property asks $96/SF to buy and $14.73/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Franklin Township, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Franklin Township, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Franklin Township, 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 vacancy in Franklin Township, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Brunswick | $168 (county avg) | $12.79 |
| Piscataway | $168 (county avg) | $15.69 |
| Milltown | $168 (county avg) | $21.03 |
| Highland Park | $168 (county avg) | $75.28 |
Commercial property in Franklin Township, NJ asks $96/SF. The 4 bordering markets run from $168/SF in New Brunswick to $168/SF in New Brunswick, and the city sits below their $168/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin Township?
Commercial property in Franklin Township, NJ asks an average of $96 per square foot. The 6 most recent recorded sales traded at a median of $266/SF.
How much does it cost to lease commercial space in Franklin Township?
Asking lease rates in Franklin Township, NJ average $14.73 per square foot per year.
How does Franklin Township compare to nearby markets on price?
Franklin Township, NJ asks $96/SF against $168/SF in New Brunswick, $168/SF in Piscataway, $168/SF in Milltown and $168/SF in Highland Park.
Where does Realmo's Franklin Township market data come from?
Realmo compiles Franklin Township, NJ figures from 7 recent recorded sales, 41 active sale listings, 48 active lease listings, 1,209 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 41 active for-sale and 48 active for-lease listings in Franklin Township, 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 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 · report a data issue
