Commercial Real Estate Market in Highlands, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 90 off-market properties in Highlands, NJ. Commercial property asks $358/SF to buy and $31.75/SF/Yr to lease.
Market Trends
Highlands, NJ spans 3.8 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Highlands, 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 Highlands, 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 Highlands, 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 Highlands, 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
- Civic 55.8%
- Commercial 21.9%
- Mixed use 17.8%
- Residential 4.6%
Largest Zones share of zoned land by district
Single Family Residential
Multifamily Residential
Single Family Residential
Single Family Residential
Waterfront Commercial
Multifamily Residential (MF)
Multi-family dwellings in accordance with the MF Multi-Family Residence Zone District standards, Section 21-88 . 2. Commercial Uses in Conjunction with a Planned Mixed-Use Development: a. Marinas, including retail boat sales. b. Ferry services. c. Professional offices. d. Restaurants, including full service and outdoor dining facility. 3. Existing mobile hom…
Market overview
Demographics & Economy
Highlands, NJ has 4,710 residents in 3,040 households. Density runs 1,248 people per square mile. Median household income here is $90,205 and median gross rent $1,841 a month.
4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,248
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Locust | $358 (county avg) | — |
| Rumson | $358 (county avg) | — |
| Atlantic Highlands | $358 (county avg) | — |
| Navesink | $358 (county avg) | — |
Commercial property in Highlands, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Locust to $358/SF in Locust, 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 Highlands?
Commercial property in Highlands, NJ asks an average of $358 per square foot. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Highlands?
Asking lease rates in Highlands, NJ average $31.75 per square foot per year.
How does Highlands compare to nearby markets on price?
Highlands, NJ asks $358/SF against $358/SF in Locust, $358/SF in Rumson, $358/SF in Atlantic Highlands and $358/SF in Navesink.
Where does Realmo's Highlands market data come from?
Realmo compiles Highlands, NJ figures from 3 recent recorded sales, 16 active sale listings, 5 active lease listings, 90 tracked off-market properties, the current Highlands zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 5 active for-lease listings in Highlands, 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: 556 zoned acres across 18 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
