Commercial Real Estate Market in Princeton, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
80 active listings and 677 off-market properties in Princeton, NJ. Commercial property asks $411/SF to buy (based on 8 listings) and $25.00/SF/Yr to lease (based on 9 listings).
Market Trends
Princeton, NJ spans 52.3 square miles in Mercer County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Mercer County, office space asks $166/SF to buy. Office vacancy in Princeton, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Princeton, 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 Princeton, 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 Mercer County, multifamily space asks $209/SF to buy. Multifamily vacancy in Princeton, 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 94.4%
- Commercial 1.5%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Princeton, NJ zones 11,804 acres across 64 districts. Commercial zoning covers 1.5% of zoned land, residential 94.4%. The largest single district is Residence District at 20.4%. For commercial buyers the practical constraint is that only 1.5% of land carries a commercial or industrial designation.
The intent of this zone is to promote one family residential uses
Market overview
Demographics & Economy
Princeton, NJ has 55,890 residents in 20,561 households. Density runs 1,069 people per square mile. Median household income here is $165,692 and median gross rent $2,103 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Princeton?
How much does it cost to lease commercial space in Princeton?
What zoning applies to commercial property in Princeton?
Where does Realmo's Princeton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 60 active for-lease listings in Princeton, NJ. The medians are based on 8 of the for-sale and 9 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: 11,804 zoned acres across 64 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
