Commercial Real Estate Market in Manville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 181 off-market properties in Manville, NJ. Commercial property asks $195/SF to buy and $17.53/SF/Yr to lease.
Market Trends
Manville, NJ spans 2.3 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Manville, NJ asks $6/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 Manville, NJ asks $92/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 Manville, 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 Manville, NJ asks $327/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 49.6%
- Industrial 13.4%
- Commercial 2.7%
Largest Zones share of zoned land by district
Residential
Municipal
Industrial
Commercial
Market overview
Demographics & Economy
Manville, NJ has 10,953 residents in 4,538 households. Density runs 4,861 people per square mile. Median household income here is $93,872 and median gross rent $1,837 a month.
10,953
Population
4,538
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
2.3 sq mi
ZIP Area
4,861
Density / Sq Mi
$93,872
Median Household Income
$45,559
Median Earnings
$1,837
Median Rent
$321,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Somerville | — | $16.00 |
| South Bound Brook | — | — |
| Raritan | — | — |
| Bound Brk | — | — |
Commercial property in Manville, NJ asks $195/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manville?
Commercial property in Manville, NJ asks an average of $195 per square foot. Multifamily carries the highest asking price at $327/SF.
How much does it cost to lease commercial space in Manville?
Asking lease rates in Manville, NJ average $17.53 per square foot per year.
Where does Realmo's Manville market data come from?
Realmo compiles Manville, NJ figures from 6 recent recorded sales, 23 active sale listings, 7 active lease listings, 181 tracked off-market properties, the current Manville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 7 active for-lease listings in Manville, 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: 1,463 zoned acres across 4 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 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
