Commercial Real Estate Market in Pitman, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 166 off-market properties in Pitman, NJ. Commercial property asks $156/SF to buy (based on 4 listings) and $19.34/SF/Yr to lease (based on 3 listings).
Market Trends
Pitman, NJ spans 3.3 square miles in Gloucester County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Pitman, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across Gloucester County, multifamily space asks $191/SF to buy. Multifamily vacancy in Pitman, 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 70.5%
- Industrial 14.2%
- Open space 9.8%
- Mixed use 3.5%
- Commercial 2%
Largest Zones share of zoned land by 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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Harrison Township | $133 | $17.44 |
| Blenheim | $154 | $25.00 |
Commercial property in Pitman, NJ asks $156/SF. The 2 bordering markets run from $133/SF in Harrison Township to $154/SF in Blenheim, and the city sits above their $144/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Pitman?
How much does it cost to lease commercial space in Pitman?
How does Pitman compare to nearby markets on price?
What zoning applies to commercial property in Pitman?
Where does Realmo's Pitman market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 6 active for-lease listings in Pitman, NJ. The medians are based on 4 of the for-sale and 3 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: 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 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
