Commercial Real Estate Market in Hopewell, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 109 off-market properties in Hopewell, NJ. Commercial property asks $260/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Hopewell, NJ spans 22.4 square miles in Mercer County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hopewell, 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 Hopewell, 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 Hopewell, 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 Hopewell, NJ asks $167/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 76.5%
- Agricultural 8.3%
- Commercial 6.3%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Residence Zone
Residence Zone
Residence Zone
Farm Preservation Zone
Public Zone
Hopewell, NJ zones 466 acres across 9 districts. Commercial zoning covers 6.3% of zoned land, residential 76.5%. The largest single district is Residence Zone at 48.2%. For commercial buyers the practical constraint is that only 6.3% of land carries a commercial or industrial designation.
Residence Zone (R-75P)
District is intended to provide one family dwellings, churches and similar places of worship, parish houses, convents, cemeteries and other such facilities of recognized religious groups
Market overview
Demographics & Economy
Hopewell, NJ has 4,649 residents in 2,024 households. Density runs 208 people per square mile. Median household income here is $157,868 and median gross rent $1,646 a month.
4,649
Population
2,024
Households
2.3
Avg Household Size
46
Median Age
63%
College-Educated
97%
High-School Grad
22.4 sq mi
ZIP Area
208
Density / Sq Mi
$157,868
Median Household Income
$74,138
Median Earnings
$1,646
Median Rent
$551,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hopewell Township | — | — |
| East Amwell Township | — | — |
| Blawenburg | — | — |
| Pennington | — | — |
Commercial property in Hopewell, NJ asks $260/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hopewell?
Commercial property in Hopewell, NJ asks an average of $260 per square foot. Multifamily carries the highest asking price at $167/SF.
How much does it cost to lease commercial space in Hopewell?
Asking lease rates in Hopewell, NJ average $20.00 per square foot per year.
What zoning applies to commercial property in Hopewell?
Hopewell, NJ zones 466 acres across 9 districts, of which 6.3% is commercial and 0% industrial. The largest single district is Residence Zone at 48.2% of zoned land. District is intended to provide one family dwellings, churches and similar places of worship, parish houses, convents, cemeteries and other such facilities of recognized religious groups Residential zoning covers 76.5% and open space 0%.
Where does Realmo's Hopewell market data come from?
Realmo compiles Hopewell, NJ figures from 7 recent recorded sales, 10 active sale listings, 1 active lease listings, 109 tracked off-market properties, the current Hopewell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 1 active for-lease listings in Hopewell, 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: 466 zoned acres across 9 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
