Commercial Real Estate Market in Shrewsbury, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 active listings and 171 off-market properties in Shrewsbury, NJ. Commercial property asks $22.00/SF/Yr to lease (based on 3 listings), and the average asking price across Monmouth County is $360/SF.
Market Trends
Shrewsbury, NJ spans 2.2 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Monmouth County, office space asks $292/SF to buy. Office vacancy in Shrewsbury, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Monmouth County, retail space asks $375/SF to buy. Retail vacancy in Shrewsbury, 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 Shrewsbury, 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 Monmouth County, multifamily space asks $416/SF to buy. Multifamily vacancy in Shrewsbury, 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 77.5%
- Commercial 15.5%
- Industrial 6.3%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Shrewsbury, NJ zones 1,409 acres across 18 districts. Commercial zoning covers 15.5% of zoned land, residential 77.5% and industrial 6.3%. The largest single district is Single Family Residential 45000 Square Feet at 26.1%. For commercial buyers the practical constraint is that only 21.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Shrewsbury, NJ has 4,184 residents in 1,526 households. Density runs 1,937 people per square mile. Median household income here is $144,500 and median gross rent $3,300 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Red Bank | $449 | $33.20 |
| Eatontown | $318 | $19.20 |
| Oceanport | $360 (county avg) | — |
Across Monmouth County, commercial property asks $360/SF. The 2 bordering markets run from $318/SF in Eatontown to $449/SF in Red Bank, and Monmouth County sits below their $383/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Shrewsbury?
How much does it cost to lease commercial space in Shrewsbury?
How does Shrewsbury compare to nearby markets on price?
What zoning applies to commercial property in Shrewsbury?
Where does Realmo's Shrewsbury market data come from?
Methodology & data sources
- Asking prices and medians
- There are 1 active for-sale and 10 active for-lease listings in Shrewsbury, NJ. The sale figure is the Monmouth County average, as too few listings here state a price per square foot; the rent median is based on 3 of the for-lease listings that state a 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.
- 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.
- Zoning and land use
- The current municipal zoning release: 1,409 zoned acres across 18 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
