Commercial Real Estate Market in Keansburg, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 117 off-market properties in Keansburg, NJ. Commercial property asks $360/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Keansburg, NJ spans 1.7 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Keansburg, NJ asks $292/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 Keansburg, NJ asks $375/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 Keansburg, 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 Keansburg, NJ asks $416/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 65.4%
- Open space 15.9%
- Mixed use 6.8%
- Commercial 5.8%
- Industrial 1.2%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Conservation Recreation
Mixed Use Commercial And Residential
General Commercial
Keansburg, NJ zones 762 acres across 11 districts. Commercial zoning covers 5.8% of zoned land, residential 65.4%, open space 15.9% and industrial 1.2%. The largest single district is Single Family Residential at 33.6%. For commercial buyers the practical constraint is that only 7% of land carries a commercial or industrial designation.
Single Family Residential (R-5)
R-5 single family development as a permitted use and allows certain types of attached housing as a conditional use at increased densities when it replaces substandard housing. The attached housing must conform to conditions for design, density, and open areas. a. Permitted Uses and Structures. 1. Detached single family dwellings. 2. Municipal parks, playgrou…
Market overview
Demographics & Economy
Keansburg, NJ has 12,772 residents in 5,349 households. Density runs 7,522 people per square mile. Median household income here is $89,073 and median gross rent $1,638 a month.
12,772
Population
5,349
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,522
Density / Sq Mi
$89,073
Median Household Income
$41,228
Median Earnings
$1,638
Median Rent
$310,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.00/SF/Yr lease vs $360/SF buy → buying wins if held > 6.8 years.
The comparison uses county-wide sale comps against Keansburg asking rents, so the implied 5.6% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. 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 |
|---|---|---|
| Hazlet | $360 (county avg) | $7.65 |
| Keyport | $360 (county avg) | $20.75 |
Commercial property in Keansburg, NJ asks $360/SF. The 2 bordering markets run from $360/SF in Hazlet to $360/SF in Hazlet, and the city sits in line with their $360/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Keansburg?
Commercial property in Keansburg, NJ asks an average of $360 per square foot. The 5 most recent recorded sales traded at a median of $171/SF, so asking sits 111% above the achieved median. Multifamily carries the highest asking price at $416/SF.
How much does it cost to lease commercial space in Keansburg?
Asking lease rates in Keansburg, NJ average $20.00 per square foot per year.
Is it cheaper to lease or buy commercial space in Keansburg?
Buying beats leasing in Keansburg, NJ if the property is held longer than 6.8 years, comparing $20.00/SF/Yr asking rent with $360/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.
How does Keansburg compare to nearby markets on price?
Keansburg, NJ asks $360/SF against $360/SF in Hazlet and $360/SF in Keyport.
What zoning applies to commercial property in Keansburg?
Keansburg, NJ zones 762 acres across 11 districts, of which 5.8% is commercial and 1.2% industrial. The largest single district is Single Family Residential at 33.6% of zoned land. R-5 single family development as a permitted use and allows certain types of attached housing as a conditional use at increased densities when it replaces substandard housing. The attached housing must conform to conditions for design, density, and open areas. a. Permitted Uses and Structures. 1. Detached single family dwellings. 2. Municipal parks, playgrou… Residential zoning covers 65.4% and open space 15.9%.
Where does Realmo's Keansburg market data come from?
Realmo compiles Keansburg, NJ figures from 5 recent recorded sales, 31 active sale listings, 18 active lease listings, 117 tracked off-market properties, the current Keansburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 18 active for-lease listings in Keansburg, 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: 762 zoned acres across 11 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 October 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
