Commercial Real Estate Market in Salem, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 247 off-market properties in Salem, NJ. Commercial property asks $110/SF to buy and $22.50/SF/Yr to lease.
Market Trends
Salem, NJ spans 88.7 square miles in Salem County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Salem, 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 Salem, 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 Salem, 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 Salem, 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 63%
- Industrial 28.1%
- Commercial 6.6%
- Civic 2.3%
Largest Zones share of zoned land by district
Residence
General Manufacturing
Residence
Light Manufacturing
Retail Commercial
Salem, NJ zones 1,768 acres across 8 districts. Commercial zoning covers 6.6% of zoned land, residential 63% and industrial 28.1%. The largest single district is Residence at 46.6%. For commercial buyers the practical constraint is that only 34.6% of land carries a commercial or industrial designation.
Residence (R-1)
Any use permitted in R-1 Residence Districts. B. Single-family semidetached dwelling, provided that the adjoining semidetached dwelling with which it has a party wall in common is erected at the same time. [Amended 6-19-2006 by Ord. No. 06-15 [1] ] [1]
Market overview
Demographics & Economy
Salem, NJ has 10,793 residents in 5,213 households. Density runs 122 people per square mile. Median household income here is $60,375 and median gross rent $1,057 a month.
10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Quinton | — | — |
| Pennsville | — | — |
| Mannington Township | — | — |
| Hancocks Bridge | — | — |
Commercial property in Salem, NJ asks $110/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Salem?
Commercial property in Salem, NJ asks an average of $110 per square foot.
How much does it cost to lease commercial space in Salem?
Asking lease rates in Salem, NJ average $22.50 per square foot per year.
What zoning applies to commercial property in Salem?
Salem, NJ zones 1,768 acres across 8 districts, of which 6.6% is commercial and 28.1% industrial. The largest single district is Residence at 46.6% of zoned land. Any use permitted in R-1 Residence Districts. B. Single-family semidetached dwelling, provided that the adjoining semidetached dwelling with which it has a party wall in common is erected at the same time. [Amended 6-19-2006 by Ord. No. 06-15 [1] ] [1] Residential zoning covers 63% and open space 0%.
Where does Realmo's Salem market data come from?
Realmo compiles Salem, NJ figures from 5 recent recorded sales, 28 active sale listings, 4 active lease listings, 247 tracked off-market properties, the current Salem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 4 active for-lease listings in Salem, 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: 1,768 zoned acres across 8 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
