Commercial Real Estate Market in Franklin, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 204 off-market properties in Franklin, NJ. Commercial property asks $231/SF to buy and $2.60/SF/Yr to lease.
Market Trends
Franklin, NJ spans 12.2 square miles in Sussex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Franklin, NJ asks $143/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, 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, NJ asks $275/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 69.7%
- Commercial 12.9%
- Civic 6.9%
- Mixed use 1.9%
- Industrial 1.8%
Largest Zones share of zoned land by district
Single Family Residential Three Acre District
Single Family Residential Fifteen Thousand Square Feet District
Highway Commercial 1
Open Space And Government Use
Single Family Residential Six Thousand Two Hundred Fifty Square Feet District
Franklin, NJ zones 2,837 acres across 19 districts. Commercial zoning covers 12.9% of zoned land, residential 69.7% and industrial 1.8%. The largest single district is Single Family Residential Three Acre District at 47%. For commercial buyers the practical constraint is that only 14.7% of land carries a commercial or industrial designation.
Single Family Residential Three Acre District (R-1)
The intent of this zone is to promote Single Family Residential Three Acre District
Market overview
Demographics & Economy
Franklin, NJ has 5,615 residents in 2,837 households. Density runs 462 people per square mile. Median household income here is $90,869 and median gross rent $1,346 a month.
5,615
Population
2,837
Households
2
Avg Household Size
46
Median Age
22%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
462
Density / Sq Mi
$90,869
Median Household Income
$50,978
Median Earnings
$1,346
Median Rent
$263,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hardyston | — | — |
| Hamburg | — | — |
| Beaver Lake | — | — |
| Ogdensburg | — | — |
Commercial property in Franklin, NJ asks $231/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin?
Commercial property in Franklin, NJ asks an average of $231 per square foot. The 4 most recent recorded sales traded at a median of $274/SF. Multifamily carries the highest asking price at $275/SF.
How much does it cost to lease commercial space in Franklin?
Asking lease rates in Franklin, NJ average $2.60 per square foot per year.
What zoning applies to commercial property in Franklin?
Franklin, NJ zones 2,837 acres across 19 districts, of which 12.9% is commercial and 1.8% industrial. The largest single district is Single Family Residential Three Acre District at 47% of zoned land. The intent of this zone is to promote Single Family Residential Three Acre District Residential zoning covers 69.7% and open space 0%.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, NJ figures from 7 recent recorded sales, 10 active sale listings, 2 active lease listings, 204 tracked off-market properties, the current Franklin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Franklin, 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.
- Zoning and land use
- The current municipal zoning release: 2,837 zoned acres across 19 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
