Commercial Real Estate Market in Somerville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 485 off-market properties in Somerville, NJ. Commercial property asks $64/SF to buy and $16.00/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 August 2026.
Office
Office space in Somerville, NJ asks $6/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 Somerville, NJ asks $92/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Somerville, NJ asks $327/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 63.9%
- Commercial 18.6%
- Industrial 11.1%
- Civic 2.2%
Largest Zones share of zoned land by district
Single Family Residence District
Single Family Residence District
Professional Office And Residential District
Industrial District
Shopping Central Business 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.
Single Family Residence District (R-1)
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.
22,849
Population
9,717
Households
2.4
Avg Household Size
40
Median Age
56%
College-Educated
94%
High-School Grad
16 sq mi
ZIP Area
1,428
Density / Sq Mi
$120,823
Median Household Income
$70,464
Median Earnings
$1,776
Median Rent
$468,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Raritan | — | — |
| Bridgewater | — | — |
| Manville | — | — |
| Martinsville | — | — |
Commercial property in Somerville, NJ asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerville?
Commercial property in Somerville, NJ asks an average of $64 per square foot. Multifamily carries the highest asking price at $327/SF.
How much does it cost to lease commercial space in Somerville?
Asking lease rates in Somerville, NJ average $16.00 per square foot per year.
What zoning applies to commercial property in Somerville?
Somerville, NJ zones 1,501 acres across 16 districts, of which 18.6% is commercial and 11.1% industrial. The largest single district is Single Family Residence District at 40% of zoned land. Residential zoning covers 63.9% and open space 0%.
Where does Realmo's Somerville market data come from?
Realmo compiles Somerville, NJ figures from 5 recent recorded sales, 37 active sale listings, 25 active lease listings, 485 tracked off-market properties, the current Somerville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 25 active for-lease listings in Somerville, 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: 1,501 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 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
