Commercial Real Estate Market in Raritan, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 197 off-market properties in Raritan, NJ. Commercial property asks $194/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Raritan, NJ spans 2.0 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Raritan, NJ asks $6/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Raritan, NJ asks $92/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 Raritan, 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 Raritan, NJ asks $327/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 51.5%
- Industrial 23.4%
- Commercial 12.5%
- Open space 5.5%
- Civic 4.1%
Largest Zones share of zoned land by district
Limited Industrial District
Medium Density Residential District
Medium High Density Residential District
Medium Low Density Residential District
Inclusionary Residential District
Raritan, NJ zones 1,296 acres across 24 districts. Commercial zoning covers 12.5% of zoned land, residential 51.5%, open space 5.5% and industrial 23.4%. The largest single district is Limited Industrial District at 22.4%. For commercial buyers the practical constraint is that only 36% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Raritan, NJ has 7,835 residents in 3,257 households. Density runs 3,934 people per square mile. Median household income here is $103,699 and median gross rent $1,927 a month.
7,835
Population
3,257
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
90%
High-School Grad
2 sq mi
ZIP Area
3,934
Density / Sq Mi
$103,699
Median Household Income
$50,108
Median Earnings
$1,927
Median Rent
$449,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Somerville | — | $16.00 |
| Bridgewater | — | — |
| Manville | — | — |
| Martinsville | — | — |
Commercial property in Raritan, NJ asks $194/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Raritan?
Commercial property in Raritan, NJ asks an average of $194 per square foot. The 4 most recent recorded sales traded at a median of $201/SF. Multifamily carries the highest asking price at $327/SF.
How much does it cost to lease commercial space in Raritan?
Asking lease rates in Raritan, NJ average $18.00 per square foot per year.
What zoning applies to commercial property in Raritan?
Raritan, NJ zones 1,296 acres across 24 districts, of which 12.5% is commercial and 23.4% industrial. The largest single district is Limited Industrial District at 22.4% of zoned land. Residential zoning covers 51.5% and open space 5.5%.
Where does Realmo's Raritan market data come from?
Realmo compiles Raritan, NJ figures from 6 recent recorded sales, 9 active sale listings, 4 active lease listings, 197 tracked off-market properties, the current Raritan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 4 active for-lease listings in Raritan, 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: 1,296 zoned acres across 24 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
