Commercial Real Estate Market in Freehold, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
108 active listings and 788 off-market properties in Freehold, NJ. Commercial property asks $358/SF to buy and $20.52/SF/Yr to lease.
Market Trends
Freehold, NJ spans 49.6 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Freehold, NJ asks $287/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 Freehold, NJ asks $406/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 Freehold, 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 Freehold, NJ asks $370/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 74.3%
- Commercial 21.2%
- Mixed use 3.4%
- Industrial 0.9%
Largest Zones share of zoned land by district
Residential
Residential
Residential
Residential
General Commercial
Freehold, NJ zones 1,248 acres across 19 districts. Commercial zoning covers 21.2% of zoned land, residential 74.3% and industrial 0.9%. The largest single district is Residential at 28.9%. For commercial buyers the practical constraint is that only 22.1% of land carries a commercial or industrial designation.
Residential (R-5)
It is intended to promote Single Family dwellings
Market overview
Demographics & Economy
Freehold, NJ has 56,444 residents in 21,150 households. Density runs 1,138 people per square mile. Median household income here is $107,042 and median gross rent $1,941 a month.
56,444
Population
21,150
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
49.6 sq mi
ZIP Area
1,138
Density / Sq Mi
$107,042
Median Household Income
$56,824
Median Earnings
$1,941
Median Rent
$490,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.52/SF/Yr lease vs $358/SF buy → buying wins if held > 6.1 years.
The comparison uses county-wide sale comps against Freehold asking rents, so the implied 5.7% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Adelphia | $358 (county avg) | — |
| East Freehold | $358 (county avg) | — |
| Tennent | $358 (county avg) | — |
| Millstone Township | $358 (county avg) | $20.09 |
Commercial property in Freehold, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Adelphia to $358/SF in Adelphia, and the city sits in line with their $358/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Freehold?
Commercial property in Freehold, NJ asks an average of $358 per square foot. The 6 most recent recorded sales traded at a median of $259/SF, so asking sits 38% above the achieved median. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Freehold?
Asking lease rates in Freehold, NJ average $20.52 per square foot per year.
Is it cheaper to lease or buy commercial space in Freehold?
Buying beats leasing in Freehold, NJ if the property is held longer than 6.1 years, comparing $20.52/SF/Yr asking rent with $358/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Freehold compare to nearby markets on price?
Freehold, NJ asks $358/SF against $358/SF in Adelphia, $358/SF in East Freehold, $358/SF in Tennent and $358/SF in Millstone Township.
What zoning applies to commercial property in Freehold?
Freehold, NJ zones 1,248 acres across 19 districts, of which 21.2% is commercial and 0.9% industrial. The largest single district is Residential at 28.9% of zoned land. It is intended to promote Single Family dwellings Residential zoning covers 74.3% and open space 0%.
Where does Realmo's Freehold market data come from?
Realmo compiles Freehold, NJ figures from 8 recent recorded sales, 50 active sale listings, 58 active lease listings, 788 tracked off-market properties, the current Freehold zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 58 active for-lease listings in Freehold, 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: 1,248 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
