Commercial Real Estate Market in Lebanon, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 159 off-market properties in Lebanon, NJ.
Market Trends
Lebanon, NJ spans 34.9 square miles in Hunterdon County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lebanon, NJ asks $8/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 Lebanon, NJ asks $204/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 Lebanon, 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 vacancy in Lebanon, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 52.8%
- Residential 36.4%
- Commercial 4.3%
Largest Zones share of zoned land by district
Commercial Research Office And Manufacturing 200000 Square Feet
Commercial Research Office And Manufacturing 100000 Square Feet
One Family Dwellings 15000 Square Feet
Research Office And Manufacturing
Garden Apartments And Townhouses
Lebanon, NJ zones 578 acres across 12 districts. Commercial zoning covers 4.3% of zoned land, residential 36.4% and industrial 52.8%. The largest single district is Commercial Research Office And Manufacturing 200000 Square Feet at 24%. For commercial buyers the practical constraint is that only 57.1% of land carries a commercial or industrial designation.
Garden Apartments And Townhouses (M-F)
The following zoning standards shall apply to townhouses in the M-F District: (1) Density: The total number of bedrooms contained therein shall not exceed ten times the gross tract acres. (2) Lot Area: The minimum size of a tract or parcel of land proposed for townhouse development shall be not less than 10 acres. The dwelling unit owner shall acquire legal…
Market overview
Demographics & Economy
Lebanon, NJ has 9,117 residents in 3,682 households. Density runs 261 people per square mile. Median household income here is $163,500 and median gross rent $1,811 a month.
9,117
Population
3,682
Households
2.5
Avg Household Size
49
Median Age
59%
College-Educated
98%
High-School Grad
34.9 sq mi
ZIP Area
261
Density / Sq Mi
$163,500
Median Household Income
$80,752
Median Earnings
$1,811
Median Rent
$575,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Annandale | — | — |
| High Bridge | — | — |
| White House Station | — | — |
| Whitehouse | — | — |
Commercial property in Lebanon, NJ asks $1,048/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, NJ asks an average of $1,048 per square foot. The 5 most recent recorded sales traded at a median of $94/SF, so asking sits 1009% above the achieved median. Retail carries the highest asking price at $204/SF.
What zoning applies to commercial property in Lebanon?
Lebanon, NJ zones 578 acres across 12 districts, of which 4.3% is commercial and 52.8% industrial. The largest single district is Commercial Research Office And Manufacturing 200000 Square Feet at 24% of zoned land. Residential zoning covers 36.4% and open space 0%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, NJ figures from 8 recent recorded sales, 5 active sale listings, 2 active lease listings, 159 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in Lebanon, 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: 578 zoned acres across 12 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, 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 August 2026 · report a data issue
