Commercial Real Estate Market in Salem, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
34 active listings and 247 off-market properties in Salem, NJ.
Market Trends
Salem, NJ spans 88.7 square miles in Salem County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Salem, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across Salem County, multifamily space asks $88/SF to buy. Multifamily vacancy in Salem, 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 63%
- Industrial 28.1%
- Commercial 6.6%
- Civic 2.3%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Salem?
What zoning applies to commercial property in Salem?
Where does Realmo's Salem market data come from?
Methodology & data sources
- Asking prices and medians
- There are 29 active for-sale and 5 active for-lease listings in Salem, NJ. The sale median is based on 20 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 1,768 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 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
