Commercial Real Estate Market in Matawan, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 351 off-market properties in Matawan, NJ. Commercial property asks $358/SF to buy and $17.79/SF/Yr to lease.
Market Trends
Matawan, NJ spans 12.8 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Matawan, 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 Matawan, 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 Matawan, 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 Matawan, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 83.8%
- Commercial 9.3%
- Industrial 5%
- Open space 0.7%
Largest Zones share of zoned land by district
Residential One Family Dwelling
Residential One Family Dwelling
Residential One Family Dwelling
Multifamily Residential District
General Business
Matawan, NJ zones 1,547 acres across 13 districts. Commercial zoning covers 9.3% of zoned land, residential 83.8%, open space 0.7% and industrial 5%. The largest single district is Residential One Family Dwelling at 36.2%. For commercial buyers the practical constraint is that only 14.3% of land carries a commercial or industrial designation.
Residential One Family Dwelling (R-75)
SCHEDULE A: LOT, YARD AND BUILDING REGULATIONS. Article X Prohibited Uses § 34-61A ADULT ENTERTAINMENT USE. § 34-61B SMOKE AND VAPE SHOPS. Article XI Zone District Regulations § 34-62 R-100 RESIDENTIAL DISTRICT. § 34-63 R-75 RESIDENTIAL DISTRICT. § 34-64 R-50 I RESIDENTIAL DISTRICT. § 34-65 R-M MULTIFAMILY RESIDENTIAL DISTRICT. § 34-65A R-C RESIDENTIAL MULTI…
Market overview
Demographics & Economy
Matawan, NJ has 31,915 residents in 13,134 households. Density runs 2,495 people per square mile. Median household income here is $124,896 and median gross rent $1,840 a month.
31,915
Population
13,134
Households
2.4
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
2,495
Density / Sq Mi
$124,896
Median Household Income
$61,503
Median Earnings
$1,840
Median Rent
$464,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cliffwood | $358 (county avg) | — |
| Keyport | $358 (county avg) | — |
| Holmdel Village | $358 (county avg) | $29.45 |
| Hazlet | $358 (county avg) | — |
Commercial property in Matawan, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Cliffwood to $358/SF in Cliffwood, 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 Matawan?
Commercial property in Matawan, NJ asks an average of $358 per square foot. The 8 most recent recorded sales traded at a median of $335/SF, so asking sits 7% above the achieved median. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Matawan?
Asking lease rates in Matawan, NJ average $17.79 per square foot per year.
How does Matawan compare to nearby markets on price?
Matawan, NJ asks $358/SF against $358/SF in Cliffwood, $358/SF in Keyport, $358/SF in Holmdel Village and $358/SF in Hazlet.
What zoning applies to commercial property in Matawan?
Matawan, NJ zones 1,547 acres across 13 districts, of which 9.3% is commercial and 5% industrial. The largest single district is Residential One Family Dwelling at 36.2% of zoned land. Residential zoning covers 83.8% and open space 0.7%.
Where does Realmo's Matawan market data come from?
Realmo compiles Matawan, NJ figures from 8 recent recorded sales, 34 active sale listings, 25 active lease listings, 351 tracked off-market properties, the current Matawan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 25 active for-lease listings in Matawan, 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: 1,547 zoned acres across 13 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
