Commercial Real Estate Market in Somerville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
75 active listings and 485 off-market properties in Somerville, NJ. Commercial property asks $200/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Somerville, NJ spans 16.0 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Somerville, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Somerset County, retail space asks $71/SF to buy. Retail vacancy in Somerville, 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 Somerville, 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 Somerset County, multifamily space asks $235/SF to buy. Multifamily vacancy in Somerville, 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 63.9%
- Commercial 18.6%
- Industrial 11.1%
- Civic 2.2%
Largest Zones share of zoned land by district
Somerville, NJ zones 1,501 acres across 16 districts. Commercial zoning covers 18.6% of zoned land, residential 63.9% and industrial 11.1%. The largest single district is Single Family Residence District at 40%. For commercial buyers the practical constraint is that only 29.7% of land carries a commercial or industrial designation.
Energy Conservation, Waste Removal and Recycling. § 102-94 Survey Monuments. Article XI ZONING § 102-95 Applicability. § 102-96 Establishment of Zoning Districts. § 102-97 Zoning Map. § 102-98 Zoning Schedules. § 102-99 R-1 Single Family Residence District. § 102-100 R-2 Single Family Residence District. § 102-101 R-3 Single Family Residence District. § 102-…
Market overview
Demographics & Economy
Somerville, NJ has 22,849 residents in 9,717 households. Density runs 1,428 people per square mile. Median household income here is $120,823 and median gross rent $1,776 a month.
Tools
Nearby Markets
Commercial property in Somerville, NJ asks $200/SF. The 2 bordering markets run from $158/SF in Raritan to $303/SF in Middlesex, and the city sits below their $231/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Somerville?
How much does it cost to lease commercial space in Somerville?
How does Somerville compare to nearby markets on price?
What zoning applies to commercial property in Somerville?
Where does Realmo's Somerville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 36 active for-sale and 39 active for-lease listings in Somerville, NJ. The medians are based on 13 of the for-sale and 14 of the for-lease listings, those that state a price or 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.
- 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: 1,501 zoned acres across 16 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
