Commercial Real Estate Market in Red Bank, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
72 active listings and 733 off-market properties in Red Bank, NJ. Commercial property asks $358/SF to buy and $32.07/SF/Yr to lease.
Market Trends
Red Bank, NJ spans 13.6 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Red Bank, NJ asks $287/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 Red Bank, NJ asks $406/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 Red Bank, 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 Red Bank, NJ asks $370/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
Market overview
Demographics & Economy
Red Bank, NJ has 35,059 residents in 14,736 households. Density runs 2,579 people per square mile. Median household income here is $139,451 and median gross rent $2,404 a month.
35,059
Population
14,736
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
94%
High-School Grad
13.6 sq mi
ZIP Area
2,579
Density / Sq Mi
$139,451
Median Household Income
$71,775
Median Earnings
$2,404
Median Rent
$643,742
Median Home Value
Tools
Lease vs Buy Breakeven
At $32.07/SF/Yr lease vs $358/SF buy → buying wins if held > 1.7 years.
The comparison uses county-wide sale comps against Red Bank asking rents, so the implied 9% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shrewsbury | $358 (county avg) | $15.56 |
| Fair Haven | $358 (county avg) | — |
| Little Silver | $358 (county avg) | — |
| Shrewsbury Township | $358 (county avg) | — |
Commercial property in Red Bank, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Shrewsbury to $358/SF in Shrewsbury, and the city sits in line with their $358/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Red Bank?
Commercial property in Red Bank, NJ asks an average of $358 per square foot. The 5 most recent recorded sales traded at a median of $361/SF. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Red Bank?
Asking lease rates in Red Bank, NJ average $32.07 per square foot per year.
Is it cheaper to lease or buy commercial space in Red Bank?
Buying beats leasing in Red Bank, NJ if the property is held longer than 1.7 years, comparing $32.07/SF/Yr asking rent with $358/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Red Bank compare to nearby markets on price?
Red Bank, NJ asks $358/SF against $358/SF in Shrewsbury, $358/SF in Fair Haven, $358/SF in Little Silver and $358/SF in Shrewsbury Township.
Where does Realmo's Red Bank market data come from?
Realmo compiles Red Bank, NJ figures from 7 recent recorded sales, 21 active sale listings, 51 active lease listings, 733 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 51 active for-lease listings in Red Bank, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
