Commercial Real Estate Market in Metuchen, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 386 off-market properties in Metuchen, NJ. Commercial property asks $171/SF to buy and $23.00/SF/Yr to lease.
Market Trends
Metuchen, NJ spans 3.2 square miles in Middlesex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Metuchen, NJ asks $109/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 Metuchen, NJ asks $136/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 Metuchen, 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 Metuchen, NJ asks $307/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 80%
- Industrial 8.6%
- Commercial 8.5%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Residential District
Residential District
Light Industrial District
Residential District
Office Business District
Metuchen, NJ zones 1,819 acres across 17 districts. Commercial zoning covers 8.5% of zoned land, residential 80% and industrial 8.6%. The largest single district is Residential District at 41.8%. For commercial buyers the practical constraint is that only 17.1% of land carries a commercial or industrial designation.
Office Business District (B-3)
Lawler Affordable Housing District § 110-74.1 R-8 Overlay Residential District. § 110-75 B-1 Central Business District. § 110-76 B-2 Neighborhood Business District. § 110-76.1 R-9 Overlay Residential District. § 110-77 B-3 Office Business District. § 110-78 B-4 Restricted Business District. § 110-79 B-5 Restricted Business District. § 110-80 D-1 Downtown Dev…
Market overview
Demographics & Economy
Metuchen, NJ has 17,841 residents in 6,552 households. Density runs 5,562 people per square mile. Median household income here is $150,938 and median gross rent $1,994 a month.
17,841
Population
6,552
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,562
Density / Sq Mi
$150,938
Median Household Income
$72,765
Median Earnings
$1,994
Median Rent
$517,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Edison | $171 (county avg) | $14.41 |
| Iselin | $171 (county avg) | $7.48 |
| South Plainfield | $171 (county avg) | $19.67 |
| Keasbey | $171 (county avg) | — |
Commercial property in Metuchen, NJ asks $171/SF. The 4 bordering markets run from $171/SF in Edison to $171/SF in Edison, and the city sits in line with their $171/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Metuchen?
Commercial property in Metuchen, NJ asks an average of $171 per square foot. The 3 most recent recorded sales traded at a median of $246/SF. Multifamily carries the highest asking price at $307/SF.
How much does it cost to lease commercial space in Metuchen?
Asking lease rates in Metuchen, NJ average $23.00 per square foot per year.
How does Metuchen compare to nearby markets on price?
Metuchen, NJ asks $171/SF against $171/SF in Edison, $171/SF in Iselin, $171/SF in South Plainfield and $171/SF in Keasbey.
What zoning applies to commercial property in Metuchen?
Metuchen, NJ zones 1,819 acres across 17 districts, of which 8.5% is commercial and 8.6% industrial. The largest single district is Residential District at 41.8% of zoned land. Residential zoning covers 80% and open space 0%.
Where does Realmo's Metuchen market data come from?
Realmo compiles Metuchen, NJ figures from 6 recent recorded sales, 17 active sale listings, 5 active lease listings, 386 tracked off-market properties, the current Metuchen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 5 active for-lease listings in Metuchen, 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: 1,819 zoned acres across 17 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
