Commercial Real Estate Market in Millstone Township, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 519 off-market properties in Millstone Township, NJ. Commercial property asks $358/SF to buy and $20.09/SF/Yr to lease.
Market Trends
Millstone Township, NJ spans 36.4 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Millstone Township, 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 Millstone Township, 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 Millstone Township, 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 Millstone Township, 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
Millstone Township, NJ has 10,374 residents in 3,606 households. Density runs 285 people per square mile. Median household income here is $198,522 and median gross rent $2,279 a month.
10,374
Population
3,606
Households
2.9
Avg Household Size
45
Median Age
59%
College-Educated
96%
High-School Grad
36.4 sq mi
ZIP Area
285
Density / Sq Mi
$198,522
Median Household Income
$64,536
Median Earnings
$2,279
Median Rent
$665,023
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tennent | $358 (county avg) | — |
| Englishtown | $358 (county avg) | — |
| Freehold | $358 (county avg) | $20.52 |
| Morganville | $358 (county avg) | $25.93 |
Commercial property in Millstone Township, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Tennent to $358/SF in Tennent, 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 Millstone Township?
Commercial property in Millstone Township, NJ asks an average of $358 per square foot. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Millstone Township?
Asking lease rates in Millstone Township, NJ average $20.09 per square foot per year.
How does Millstone Township compare to nearby markets on price?
Millstone Township, NJ asks $358/SF against $358/SF in Tennent, $358/SF in Englishtown, $358/SF in Freehold and $358/SF in Morganville.
Where does Realmo's Millstone Township market data come from?
Realmo compiles Millstone Township, NJ figures from 4 recent recorded sales, 36 active sale listings, 16 active lease listings, 519 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 36 active for-sale and 16 active for-lease listings in Millstone Township, 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
