Commercial Real Estate Market in Ocean City, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
134 active listings and 401 off-market properties in Ocean City, NJ. Commercial property asks $4,742/SF to buy and $37.15/SF/Yr to lease.
Market Trends
Ocean City, NJ spans 6.8 square miles in Cape May County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ocean City, NJ asks $268/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 Ocean City, NJ asks $341/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Ocean City, NJ asks $332/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
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.
11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,663
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Somers Point | — | — |
| Longport | — | — |
| Linwood | — | — |
| Margate City | — | — |
Commercial property in Ocean City, NJ asks $4,742/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ocean City?
Commercial property in Ocean City, NJ asks an average of $4,742 per square foot. The 4 most recent recorded sales traded at a median of $350/SF, so asking sits 1254% above the achieved median. Retail carries the highest asking price at $341/SF.
How much does it cost to lease commercial space in Ocean City?
Asking lease rates in Ocean City, NJ average $37.15 per square foot per year.
Where does Realmo's Ocean City market data come from?
Realmo compiles Ocean City, NJ figures from 6 recent recorded sales, 101 active sale listings, 33 active lease listings, 401 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 101 active for-sale and 33 active for-lease listings in Ocean City, 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.
- 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
