Commercial Real Estate Market in Lakewood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
39 active listings and 855 off-market properties in Lakewood, NJ. Commercial property asks $325/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Lakewood, NJ spans 24.7 square miles in Ocean County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Ocean County, office space asks $302/SF to buy. Office vacancy in Lakewood, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Ocean County, retail space asks $350/SF to buy. Retail vacancy in Lakewood, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Lakewood, 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%.
Multifamily
Across Ocean County, multifamily space asks $429/SF to buy. Multifamily vacancy in Lakewood, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Lakewood, NJ has 135,256 residents in 33,539 households. Density runs 5,468 people per square mile. Median household income here is $62,811 and median gross rent $1,701 a month.
Tools
Lease vs Buy Breakeven
At $25.00/SF/Yr lease vs $325/SF buy → buying wins if held > 2.5 years.
At a 7.7% 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
Commercial property in Lakewood, NJ asks $325/SF. The 2 bordering markets run from $106/SF in Lakehurst to $337/SF in Bricktown, and the city sits above their $222/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lakewood?
How much does it cost to lease commercial space in Lakewood?
Is it cheaper to lease or buy commercial space in Lakewood?
How does Lakewood compare to nearby markets on price?
Where does Realmo's Lakewood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 19 active for-lease listings in Lakewood, NJ. The medians are based on 12 of the for-sale and 10 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
