Commercial Real Estate Market in Pitman, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 166 off-market properties in Pitman, NJ. Commercial property asks $7/SF to buy and $16.99/SF/Yr to lease.
Market Trends
Pitman, NJ spans 3.3 square miles in Gloucester County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pitman, 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 Pitman, 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 Pitman, 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 Pitman, 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 70.5%
- Industrial 14.2%
- Open space 9.8%
- Mixed use 3.5%
- Commercial 2%
Largest Zones share of zoned land by district
Residence District
Residence District
Planned Industrial
Park Conservation
Residence District
Pitman, NJ zones 1,445 acres across 11 districts. Commercial zoning covers 2% of zoned land, residential 70.5%, open space 9.8% and industrial 14.2%. The largest single district is Residence District at 38.3%. For commercial buyers the practical constraint is that only 16.2% of land carries a commercial or industrial designation.
Residence District (R-A)
Any use permitted in the R-A Residential District. b. Professional offices and/or studio. c. Apartments, in conjunction with professional offices and/or studios. d. The following uses when authorized by the Planning Board as a conditional use, subject to § 35-23 . 1. A home occupation. 2. A bed-and-breakfast. 3. A day-care center. 4. A family day-care center…
Market overview
Demographics & Economy
Pitman, NJ has 9,259 residents in 3,984 households. Density runs 2,793 people per square mile. Median household income here is $97,222 and median gross rent $1,488 a month.
9,259
Population
3,984
Households
2.3
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
2,793
Density / Sq Mi
$97,222
Median Household Income
$51,243
Median Earnings
$1,488
Median Rent
$258,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glassboro | — | $18.60 |
| Harrison Township | — | — |
| Aura | — | — |
| Wenonah | — | — |
Commercial property in Pitman, NJ asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pitman?
Commercial property in Pitman, NJ asks an average of $7 per square foot. The 4 most recent recorded sales traded at a median of $120/SF.
How much does it cost to lease commercial space in Pitman?
Asking lease rates in Pitman, NJ average $16.99 per square foot per year.
What zoning applies to commercial property in Pitman?
Pitman, NJ zones 1,445 acres across 11 districts, of which 2% is commercial and 14.2% industrial. The largest single district is Residence District at 38.3% of zoned land. Any use permitted in the R-A Residential District. b. Professional offices and/or studio. c. Apartments, in conjunction with professional offices and/or studios. d. The following uses when authorized by the Planning Board as a conditional use, subject to § 35-23 . 1. A home occupation. 2. A bed-and-breakfast. 3. A day-care center. 4. A family day-care center… Residential zoning covers 70.5% and open space 9.8%.
Where does Realmo's Pitman market data come from?
Realmo compiles Pitman, NJ figures from 8 recent recorded sales, 7 active sale listings, 6 active lease listings, 166 tracked off-market properties, the current Pitman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 6 active for-lease listings in Pitman, 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: 1,445 zoned acres across 11 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
