Commercial Real Estate Market in Millstone, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
66 active listings and 352 off-market properties in Millstone, NJ. Commercial property asks $358/SF to buy and $21.32/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Millstone, 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, 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, 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, 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 38.2%
- Open space 30.5%
- Civic 10.6%
- Agricultural 9.4%
- Planned_development 8.9%
- Commercial 2.5%
Largest Zones share of zoned land by district
Park District
Residential
Residential
Institutional
Rural Agricultural
Millstone, NJ zones 443 acres across 9 districts. Commercial zoning covers 2.5% of zoned land, residential 38.2% and open space 30.5%. The largest single district is Park District at 30.5%. For commercial buyers the practical constraint is that only 2.5% of land carries a commercial or industrial designation.
Park District (P)
The purpose of the Park District is to provide standards for both passive and active recreational uses, open space, and conservation areas
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Roosevelt | $358 (county avg) | — |
| Upper Freehold Township | $358 (county avg) | — |
| Upper Freehold | $358 (county avg) | — |
| Millstone Township | $358 (county avg) | $20.09 |
Commercial property in Millstone, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Roosevelt to $358/SF in Roosevelt, 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?
Commercial property in Millstone, NJ asks an average of $358 per square foot. The 5 most recent recorded sales traded at a median of $247/SF, so asking sits 45% above the achieved median. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Millstone?
Asking lease rates in Millstone, NJ average $21.32 per square foot per year.
How does Millstone compare to nearby markets on price?
Millstone, NJ asks $358/SF against $358/SF in Roosevelt, $358/SF in Upper Freehold Township, $358/SF in Upper Freehold and $358/SF in Millstone Township.
What zoning applies to commercial property in Millstone?
Millstone, NJ zones 443 acres across 9 districts, of which 2.5% is commercial and 0% industrial. The largest single district is Park District at 30.5% of zoned land. The purpose of the Park District is to provide standards for both passive and active recreational uses, open space, and conservation areas Residential zoning covers 38.2% and open space 30.5%.
Where does Realmo's Millstone market data come from?
Realmo compiles Millstone, NJ figures from 6 recent recorded sales, 41 active sale listings, 25 active lease listings, 352 tracked off-market properties, the current Millstone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 25 active for-lease listings in Millstone, 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: 443 zoned acres across 9 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
