Commercial Real Estate Market in Highland Park, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 217 off-market properties in Highland Park, NJ. Commercial property asks $171/SF to buy and $75.28/SF/Yr to lease.
Market Trends
Highland Park, NJ spans 1.8 square miles in Middlesex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Highland Park, NJ asks $109/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 Highland Park, NJ asks $136/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 Highland Park, 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 Highland Park, NJ asks $307/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
Demographics & Economy
Highland Park, NJ has 15,072 residents in 6,858 households. Density runs 8,276 people per square mile. Median household income here is $101,991 and median gross rent $1,881 a month.
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,276
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Brunswick | $171 (county avg) | $10.41 |
| Edison | $171 (county avg) | $14.41 |
| Milltown | $171 (county avg) | $21.19 |
| Piscataway | $171 (county avg) | $15.69 |
Commercial property in Highland Park, NJ asks $171/SF. The 4 bordering markets run from $171/SF in New Brunswick to $171/SF in New Brunswick, and the city sits in line with their $171/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Highland Park?
Commercial property in Highland Park, NJ asks an average of $171 per square foot. The 3 most recent recorded sales traded at a median of $313/SF. Multifamily carries the highest asking price at $307/SF.
How much does it cost to lease commercial space in Highland Park?
Asking lease rates in Highland Park, NJ average $75.28 per square foot per year.
How does Highland Park compare to nearby markets on price?
Highland Park, NJ asks $171/SF against $171/SF in New Brunswick, $171/SF in Edison, $171/SF in Milltown and $171/SF in Piscataway.
Where does Realmo's Highland Park market data come from?
Realmo compiles Highland Park, NJ figures from 8 recent recorded sales, 34 active sale listings, 5 active lease listings, 217 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 5 active for-lease listings in Highland Park, 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.
- 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
