Commercial Real Estate Market in Phillipsburg, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
71 active listings and 707 off-market properties in Phillipsburg, NJ. Commercial property asks $52/SF to buy and $12.68/SF/Yr to lease.
Market Trends
Phillipsburg, NJ spans 41.5 square miles in Warren County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phillipsburg, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Phillipsburg, NJ asks $146/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Phillipsburg, NJ asks $228/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
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
Residential 5000 Square Feet Lots
Residential 7500 Square Feet Lots
Phillipsburg Commerce Park Redevelopment Area
Light Industrial
General Business
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.
Residential 5000 Square Feet Lots (R-50)
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.
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Delaware Park | — | — |
| Alpha | — | — |
| West Easton | — | — |
| Palmer Township | — | — |
Commercial property in Phillipsburg, NJ asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Phillipsburg?
Commercial property in Phillipsburg, NJ asks an average of $52 per square foot. The 3 most recent recorded sales traded at a median of $61/SF. Multifamily carries the highest asking price at $228/SF.
How much does it cost to lease commercial space in Phillipsburg?
Asking lease rates in Phillipsburg, NJ average $12.68 per square foot per year.
What zoning applies to commercial property in Phillipsburg?
Phillipsburg, NJ zones 2,150 acres across 20 districts, of which 12.5% is commercial and 10.5% industrial. The largest single district is Residential 5000 Square Feet Lots at 33.1% of zoned land. 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. Residential zoning covers 55.9% and open space 16.8%.
Where does Realmo's Phillipsburg market data come from?
Realmo compiles Phillipsburg, NJ figures from 8 recent recorded sales, 47 active sale listings, 24 active lease listings, 707 tracked off-market properties, the current Phillipsburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 24 active for-lease listings in Phillipsburg, 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: 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 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
