Commercial Real Estate Market in Leonardo, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 32 off-market properties in Leonardo, NJ.
Market Trends
Leonardo, NJ spans 2.6 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Leonardo, NJ asks $287/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 Leonardo, NJ asks $406/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 Leonardo, 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 Leonardo, NJ asks $370/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
Leonardo, NJ has 4,177 residents in 1,615 households. Density runs 1,592 people per square mile. Median household income here is $134,818 and median gross rent $1,439 a month.
4,177
Population
1,615
Households
2.6
Avg Household Size
44
Median Age
51%
College-Educated
99%
High-School Grad
2.6 sq mi
ZIP Area
1,592
Density / Sq Mi
$134,818
Median Household Income
$68,254
Median Earnings
$1,439
Median Rent
$468,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Navesink | $358 (county avg) | — |
| Atlantic Highlands | $358 (county avg) | — |
| Belford | $358 (county avg) | — |
| Locust | $358 (county avg) | — |
Commercial property in Leonardo, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Navesink to $358/SF in Navesink, and the city sits in line with their $358/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leonardo?
Commercial property in Leonardo, NJ asks an average of $358 per square foot. Retail carries the highest asking price at $406/SF.
How does Leonardo compare to nearby markets on price?
Leonardo, NJ asks $358/SF against $358/SF in Navesink, $358/SF in Atlantic Highlands, $358/SF in Belford and $358/SF in Locust.
Where does Realmo's Leonardo market data come from?
Realmo compiles Leonardo, NJ figures from 2 recent recorded sales, 2 active sale listings, 2 active lease listings, 32 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 2 active for-sale and 2 active for-lease listings in Leonardo, 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.
- 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
