Commercial Real Estate Market in Palmyra, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 130 off-market properties in Palmyra, NJ. Commercial property asks $186/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Palmyra, NJ spans 1.8 square miles in Burlington County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmyra, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Palmyra, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Palmyra, 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 vacancy in Palmyra, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.3%
- Open space 20.2%
- Commercial 9%
- Industrial 2.7%
Largest Zones share of zoned land by district
Residential
Route 73 Redevelopment Zone
Open Space
Residential
Highway Commercial
Palmyra, NJ zones 1,248 acres across 10 districts. Commercial zoning covers 9% of zoned land, residential 51.3%, open space 20.2% and industrial 2.7%. The largest single district is Residential at 40.7%. For commercial buyers the practical constraint is that only 11.7% of land carries a commercial or industrial designation.
Highway Commercial (HC)
Interpretation of boundaries. § 158-15 General provisions. § 158-16 R-1 Residential District. § 158-17 R-2 Residential District. § 158-18 TC Town Center Commercial. § 158-19 NC Neighborhood Commercial District. § 158-20 HC Highway Commercial District. § 158-21 OC Office Commercial District. § 158-22 I Industrial District. § 158-23 P Public and Institutional…
Market overview
Demographics & Economy
Palmyra, NJ has 7,438 residents in 3,406 households. Density runs 4,022 people per square mile. Median household income here is $85,014 and median gross rent $1,680 a month.
7,438
Population
3,406
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,022
Density / Sq Mi
$85,014
Median Household Income
$51,085
Median Earnings
$1,680
Median Rent
$216,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Riverton | — | $8.78 |
| Cinnaminson Township | — | — |
| Delran Township | — | — |
| Merchantville | — | — |
Commercial property in Palmyra, NJ asks $186/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmyra?
Commercial property in Palmyra, NJ asks an average of $186 per square foot.
How much does it cost to lease commercial space in Palmyra?
Asking lease rates in Palmyra, NJ average $10.00 per square foot per year.
What zoning applies to commercial property in Palmyra?
Palmyra, NJ zones 1,248 acres across 10 districts, of which 9% is commercial and 2.7% industrial. The largest single district is Residential at 40.7% of zoned land. Residential zoning covers 51.3% and open space 20.2%.
Where does Realmo's Palmyra market data come from?
Realmo compiles Palmyra, NJ figures from 8 recent recorded sales, 5 active sale listings, 5 active lease listings, 130 tracked off-market properties, the current Palmyra zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 5 active for-lease listings in Palmyra, 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.
- Zoning and land use
- The current municipal zoning release: 1,248 zoned acres across 10 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
