Commercial Real Estate Market in Penns Grove, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 278 off-market properties in Penns Grove, NJ. Commercial property asks $7/SF to buy and $24.75/SF/Yr to lease.
Market Trends
Penns Grove, NJ spans 15.9 square miles in Salem County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Penns Grove, 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 Penns Grove, 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 Penns 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 vacancy in Penns Grove, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Penns Grove, NJ has 13,325 residents in 5,838 households. Density runs 836 people per square mile. Median household income here is $68,397 and median gross rent $1,221 a month.
13,325
Population
5,838
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
15.9 sq mi
ZIP Area
836
Density / Sq Mi
$68,397
Median Household Income
$38,156
Median Earnings
$1,221
Median Rent
$184,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carneys Point Township | — | — |
| Edgemoor | — | — |
| Bellefonte | — | — |
| Deepwater | — | — |
Commercial property in Penns Grove, NJ asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Penns Grove?
Commercial property in Penns Grove, NJ asks an average of $7 per square foot. The 6 most recent recorded sales traded at a median of $108/SF.
How much does it cost to lease commercial space in Penns Grove?
Asking lease rates in Penns Grove, NJ average $24.75 per square foot per year.
Where does Realmo's Penns Grove market data come from?
Realmo compiles Penns Grove, NJ figures from 7 recent recorded sales, 43 active sale listings, 10 active lease listings, 278 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 43 active for-sale and 10 active for-lease listings in Penns 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.
- 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
