Commercial Real Estate Market in Shrewsbury, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 171 off-market properties in Shrewsbury, NJ. Commercial property asks $358/SF to buy and $15.56/SF/Yr to lease.
Market Trends
Shrewsbury, NJ spans 2.2 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Shrewsbury, 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 Shrewsbury, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Shrewsbury, 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
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
Single Family Residential 45000 Square Feet
Single Family Residential 45000 Square Feet And Cluster
Single Family Residential 15000 Square Feet
Business General
Business Shopping Office Center
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.
4,184
Population
1,526
Households
2.7
Avg Household Size
47
Median Age
65%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
1,937
Density / Sq Mi
$144,500
Median Household Income
$80,694
Median Earnings
$3,300
Median Rent
$735,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shrewsbury Township | $358 (county avg) | — |
| Red Bank | $358 (county avg) | $32.07 |
| Little Silver | $358 (county avg) | — |
| Eatontown | $358 (county avg) | $25.20 |
Commercial property in Shrewsbury, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Shrewsbury Township to $358/SF in Shrewsbury Township, 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 Shrewsbury?
Commercial property in Shrewsbury, NJ asks an average of $358 per square foot. The 4 most recent recorded sales traded at a median of $494/SF. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Shrewsbury?
Asking lease rates in Shrewsbury, NJ average $15.56 per square foot per year.
How does Shrewsbury compare to nearby markets on price?
Shrewsbury, NJ asks $358/SF against $358/SF in Shrewsbury Township, $358/SF in Red Bank, $358/SF in Little Silver and $358/SF in Eatontown.
What zoning applies to commercial property in Shrewsbury?
Shrewsbury, NJ zones 1,409 acres across 18 districts, of which 15.5% is commercial and 6.3% industrial. The largest single district is Single Family Residential 45000 Square Feet at 26.1% of zoned land. Residential zoning covers 77.5% and open space 0%.
Where does Realmo's Shrewsbury market data come from?
Realmo compiles Shrewsbury, NJ figures from 5 recent recorded sales, 2 active sale listings, 12 active lease listings, 171 tracked off-market properties, the current Shrewsbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 12 active for-lease listings in Shrewsbury, 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.
- 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 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
