Commercial Real Estate Market in Jersey City, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
414 active listings and 4,785 off-market properties in Jersey City, NJ. Commercial property asks $1,372/SF to buy and $38.98/SF/Yr to lease.
Market Trends
Jersey City, NJ spans 14.7 square miles in Hudson County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Jersey City, 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 Jersey City, 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 Jersey City, 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 Jersey City, 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
Market overview
Demographics & Economy
Jersey City, NJ has 292,390 residents in 132,636 households. Density runs 19,836 people per square mile. Median household income here is $99,800 and median gross rent $2,005 a month.
292,390
Population
132,636
Households
2.2
Avg Household Size
34
Median Age
52%
College-Educated
90%
High-School Grad
14.7 sq mi
ZIP Area
19,836
Density / Sq Mi
$99,800
Median Household Income
$66,427
Median Earnings
$2,005
Median Rent
$583,173
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hoboken | — | $66.39 |
| Weehawken | — | — |
| Secaucus | — | — |
| Union City | — | $32.46 |
Commercial property in Jersey City, NJ asks $1,372/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Jersey City?
Commercial property in Jersey City, NJ asks an average of $1,372 per square foot. Retail carries the highest asking price at $281/SF.
How much does it cost to lease commercial space in Jersey City?
Asking lease rates in Jersey City, NJ average $38.98 per square foot per year.
Where does Realmo's Jersey City market data come from?
Realmo compiles Jersey City, NJ figures from 8 recent recorded sales, 297 active sale listings, 117 active lease listings, 4,785 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 297 active for-sale and 117 active for-lease listings in Jersey City, 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.
- 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
