Commercial Real Estate Market in Phillipsburg, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
72 active listings and 707 off-market properties in Phillipsburg, NJ. Commercial property asks $118/SF to buy and $14.66/SF/Yr to lease (based on 4 listings).
Market Trends
Phillipsburg, NJ spans 41.5 square miles in Warren County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Phillipsburg, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Warren County, retail space asks $146/SF to buy. Retail vacancy in Phillipsburg, 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 Phillipsburg, 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 Warren County, multifamily space asks $228/SF to buy. Multifamily vacancy in Phillipsburg, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.9%
- Open space 16.8%
- Commercial 12.5%
- Industrial 10.5%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Phillipsburg, NJ zones 2,150 acres across 20 districts. Commercial zoning covers 12.5% of zoned land, residential 55.9%, open space 16.8% and industrial 10.5%. The largest single district is Residential 5000 Square Feet Lots at 33.1%. For commercial buyers the practical constraint is that only 23% of land carries a commercial or industrial designation.
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Market overview
Demographics & Economy
Phillipsburg, NJ has 30,537 residents in 14,146 households. Density runs 736 people per square mile. Median household income here is $78,519 and median gross rent $1,248 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Phillipsburg?
How much does it cost to lease commercial space in Phillipsburg?
What zoning applies to commercial property in Phillipsburg?
Where does Realmo's Phillipsburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 41 active for-sale and 31 active for-lease listings in Phillipsburg, NJ. The medians are based on 16 of the for-sale and 4 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.
- Zoning and land use
- The current municipal zoning release: 2,150 zoned acres across 20 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 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
