Commercial Real Estate Market in Morganville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 124 off-market properties in Morganville, NJ. Commercial property asks $358/SF to buy and $25.93/SF/Yr to lease.
Market Trends
Morganville, NJ spans 16.6 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Morganville, 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 Morganville, 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 Morganville, 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 Morganville, 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
Morganville, NJ has 21,493 residents in 7,567 households. Density runs 1,292 people per square mile. Median household income here is $172,576 and median gross rent $2,636 a month.
21,493
Population
7,567
Households
2.8
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
1,292
Density / Sq Mi
$172,576
Median Household Income
$86,544
Median Earnings
$2,636
Median Rent
$663,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wickatunk | $358 (county avg) | — |
| Old Bridge | $171 (county avg) | — |
| Tennent | $358 (county avg) | — |
| East Freehold | $358 (county avg) | — |
Commercial property in Morganville, NJ asks $358/SF. The 4 bordering markets run from $171/SF in Old Bridge to $358/SF in Wickatunk, 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 Morganville?
Commercial property in Morganville, NJ asks an average of $358 per square foot. The 6 most recent recorded sales traded at a median of $311/SF, so asking sits 15% above the achieved median. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Morganville?
Asking lease rates in Morganville, NJ average $25.93 per square foot per year.
How does Morganville compare to nearby markets on price?
Morganville, NJ asks $358/SF against $358/SF in Wickatunk, $171/SF in Old Bridge, $358/SF in Tennent and $358/SF in East Freehold. Old Bridge is the cheapest entry point at 52% below Morganville pricing.
Where does Realmo's Morganville market data come from?
Realmo compiles Morganville, NJ figures from 6 recent recorded sales, 6 active sale listings, 17 active lease listings, 124 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 6 active for-sale and 17 active for-lease listings in Morganville, 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
