Commercial Real Estate Market in Hoboken, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 785 off-market properties in Hoboken, NJ. Commercial property asks $1,944/SF to buy and $66.39/SF/Yr to lease.
Market Trends
Hoboken, NJ spans 1.2 square miles in Hudson County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hoboken, 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 Hoboken, NJ asks $281/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 Hoboken, 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 Hoboken, NJ asks $237/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 40.4%
- Industrial 18.1%
- Commercial 10.6%
- Mixed use 7.7%
- Special 7.1%
- Civic 4.2%
Largest Zones share of zoned land by district
Residence District Conservation
Waterfront Subdistrict
Residence District Stabilization
Residence District Redevelopment
South Waterfront Redevelopment Plan Area
Residence District Conservation (R-1)
My house is in the R-1 (R-2 or R-3) zone, what does that mean and what am I permitted to do with my property? alerts news Submit a concern Calendar & events Forms QUICK LINKS Waste Collection Climate Action Plan and Greenhouse Gas Inventories
Market overview
Demographics & Economy
Hoboken, NJ has 60,456 residents in 29,985 households. Density runs 48,392 people per square mile. Median household income here is $176,943 and median gross rent $2,819 a month.
60,456
Population
29,985
Households
2
Avg Household Size
32
Median Age
83%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
48,392
Density / Sq Mi
$176,943
Median Household Income
$105,359
Median Earnings
$2,819
Median Rent
$872,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $66.39/SF/Yr lease vs $1,944/SF buy → buying wins if held > 28.6 years.
At a 3.4% 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 |
|---|---|---|
| Weehawken | — | — |
| Jersey City | — | $39.30 |
| Union City | — | $32.46 |
| New York | — | $55.32 |
Commercial property in Hoboken, NJ asks $1,944/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hoboken?
Commercial property in Hoboken, NJ asks an average of $1,944 per square foot. Retail carries the highest asking price at $281/SF.
How much does it cost to lease commercial space in Hoboken?
Asking lease rates in Hoboken, NJ average $66.39 per square foot per year.
Is it cheaper to lease or buy commercial space in Hoboken?
Buying beats leasing in Hoboken, NJ if the property is held longer than 28.6 years, comparing $66.39/SF/Yr asking rent with $1,944/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 Hoboken market data come from?
Realmo compiles Hoboken, NJ figures from 4 recent recorded sales, 20 active sale listings, 39 active lease listings, 785 tracked off-market properties, the current Hoboken zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 39 active for-lease listings in Hoboken, 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: 962 zoned acres across 23 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
