Commercial Real Estate Market in Hamilton, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
425 active listings and 4,591 off-market properties in Hamilton, NJ. Commercial property asks $148/SF to buy and $18.74/SF/Yr to lease.
Market Trends
Hamilton, NJ spans 62.7 square miles in Mercer County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hamilton, 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 Hamilton, 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 Hamilton, 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 Hamilton, NJ asks $181/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
- Open space 53.2%
- Agricultural 28.5%
- Commercial 2.5%
- Industrial 1.2%
- Residential 1.1%
- Civic 0%
- Special 0%
Largest Zones share of zoned land by district
Forest Areas
Rural Development
Forest Areas
Growth Area Low
Agricultural
Forest Areas (FA-70)
This districts recognize that in Hamilton Township there are undisturbed forested portions of the Pinelands Protection Area which support characteristic Pinelands plant and animal species.
Market overview
Demographics & Economy
Hamilton, NJ has 166,676 residents in 63,253 households. Density runs 2,657 people per square mile. Median household income here is $89,971 and median gross rent $1,487 a month.
166,676
Population
63,253
Households
2.6
Avg Household Size
37
Median Age
31%
College-Educated
85%
High-School Grad
62.7 sq mi
ZIP Area
2,657
Density / Sq Mi
$89,971
Median Household Income
$48,600
Median Earnings
$1,487
Median Rent
$266,388
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.74/SF/Yr lease vs $148/SF buy → buying wins if held > 0.9 years.
At a 12.7% 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 |
|---|---|---|
| Trenton | — | $18.74 |
| Morrisville | — | $17.67 |
Commercial property in Hamilton, NJ asks $148/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hamilton?
Commercial property in Hamilton, NJ asks an average of $148 per square foot. The 4 most recent recorded sales traded at a median of $154/SF. Multifamily carries the highest asking price at $181/SF.
How much does it cost to lease commercial space in Hamilton?
Asking lease rates in Hamilton, NJ average $18.74 per square foot per year.
Is it cheaper to lease or buy commercial space in Hamilton?
Buying beats leasing in Hamilton, NJ if the property is held longer than 0.9 years, comparing $18.74/SF/Yr asking rent with $148/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.
Where does Realmo's Hamilton market data come from?
Realmo compiles Hamilton, NJ figures from 6 recent recorded sales, 303 active sale listings, 122 active lease listings, 4,591 tracked off-market properties, the current Hamilton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 303 active for-sale and 122 active for-lease listings in Hamilton, 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: 72,371 zoned acres across 35 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 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
