Commercial Real Estate Market in Thorofare, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
84 active listings and 482 off-market properties in Thorofare, NJ. Commercial property asks $321/SF to buy and $12.75/SF/Yr to lease.
Market Trends
Thorofare, NJ spans 7.0 square miles in Gloucester County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Thorofare, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Thorofare, NJ runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Thorofare, 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 Thorofare, NJ asks $194/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
Market overview
Demographics & Economy
Thorofare, NJ has 8,358 residents in 3,950 households. Density runs 1,193 people per square mile. Median household income here is $88,125 and median gross rent $1,689 a month.
8,358
Population
3,950
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
94%
High-School Grad
7 sq mi
ZIP Area
1,193
Density / Sq Mi
$88,125
Median Household Income
$52,146
Median Earnings
$1,689
Median Rent
$258,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodbury | — | — |
| West Deptford | — | $12.75 |
| Westville | — | — |
Commercial property in Thorofare, NJ asks $321/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Thorofare?
Commercial property in Thorofare, NJ asks an average of $321 per square foot. Multifamily carries the highest asking price at $194/SF.
How much does it cost to lease commercial space in Thorofare?
Asking lease rates in Thorofare, NJ average $12.75 per square foot per year.
Where does Realmo's Thorofare market data come from?
Realmo compiles Thorofare, NJ figures from 3 recent recorded sales, 50 active sale listings, 34 active lease listings, 482 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 34 active for-lease listings in Thorofare, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
