Commercial Real Estate Market in Ocean Grove, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 80 off-market properties in Ocean Grove, NJ. Commercial property asks $360/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Ocean Grove, NJ spans 0.4 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Ocean Grove, NJ asks $292/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 Grove, NJ asks $375/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 Grove, 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 Grove, NJ asks $416/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 Grove, NJ has 3,164 residents in 2,831 households. Density runs 8,462 people per square mile. Median household income here is $74,410 and median gross rent $1,212 a month.
3,164
Population
2,831
Households
1.1
Avg Household Size
58
Median Age
64%
College-Educated
92%
High-School Grad
0.4 sq mi
ZIP Area
8,462
Density / Sq Mi
$74,410
Median Household Income
$58,148
Median Earnings
$1,212
Median Rent
$764,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Asbury Park | $360 (county avg) | $25.61 |
| Avon | $360 (county avg) | — |
| Neptune City | $360 (county avg) | — |
Commercial property in Ocean Grove, NJ asks $360/SF. The 3 bordering markets run from $360/SF in Asbury Park to $360/SF in Asbury Park, and the city sits in line with their $360/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ocean Grove?
Commercial property in Ocean Grove, NJ asks an average of $360 per square foot. The 4 most recent recorded sales traded at a median of $349/SF, so asking sits 3% above the achieved median. Multifamily carries the highest asking price at $416/SF.
How much does it cost to lease commercial space in Ocean Grove?
Asking lease rates in Ocean Grove, NJ average $25.00 per square foot per year.
How does Ocean Grove compare to nearby markets on price?
Ocean Grove, NJ asks $360/SF against $360/SF in Asbury Park, $360/SF in Avon and $360/SF in Neptune City.
Where does Realmo's Ocean Grove market data come from?
Realmo compiles Ocean Grove, NJ figures from 4 recent recorded sales, 19 active sale listings, 5 active lease listings, 80 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 5 active for-lease listings in Ocean Grove, 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 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
