Commercial Real Estate Market in Ocean City, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
141 active listings and 401 off-market properties in Ocean City, NJ. Commercial property asks $611/SF to buy and $19.64/SF/Yr to lease (based on 7 listings).
Market Trends
Ocean City, NJ spans 6.8 square miles in Cape May County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Cape May County, office space asks $312/SF to buy. Office vacancy in Ocean City, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Cape May County, retail space asks $432/SF to buy. Retail vacancy in Ocean City, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Ocean City, 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%.
Multifamily
Across Cape May County, multifamily space asks $361/SF to buy. Multifamily vacancy in Ocean City, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Ocean City, NJ has 11,229 residents in 20,905 households. Density runs 1,663 people per square mile. Median household income here is $101,782 and median gross rent $1,670 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Palermo | $210 | $18.00 |
| Northfield | $190 | — |
| Pleasantville | $140 | — |
Commercial property in Ocean City, NJ asks $611/SF. The 3 bordering markets run from $140/SF in Pleasantville to $210/SF in Palermo, and the city sits above their $190/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Ocean City?
How much does it cost to lease commercial space in Ocean City?
How does Ocean City compare to nearby markets on price?
Where does Realmo's Ocean City market data come from?
Methodology & data sources
- Asking prices and medians
- There are 112 active for-sale and 29 active for-lease listings in Ocean City, NJ. The medians are based on 13 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
