Commercial Real Estate Market in Greenville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
441 active listings and 4,785 off-market properties in Greenville, NJ. Commercial property asks $1,232/SF to buy and $38.07/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Greenville, 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 Greenville, NJ asks $305/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 Greenville, 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 Greenville, NJ asks $289/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
Tools
Lease vs Buy Breakeven
At $38.07/SF/Yr lease vs $1,232/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.1% gross asking yield the payback reads short relative to leasing. 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 |
|---|---|---|
| Bayonne | — | $22.46 |
| Kearny | — | $23.64 |
| Jersey City | — | $38.07 |
| New York | — | $53.58 |
Commercial property in Greenville, NJ asks $1,232/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, NJ asks an average of $1,232 per square foot. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Greenville?
Asking lease rates in Greenville, NJ average $38.07 per square foot per year.
Is it cheaper to lease or buy commercial space in Greenville?
In Greenville, NJ, leasing stays cheaper across the modelled hold period. 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.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, NJ figures from 8 recent recorded sales, 333 active sale listings, 108 active lease listings, 4,785 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 333 active for-sale and 108 active for-lease listings in Greenville, 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 · How Realmo checks market page data · Report a data issue
