Commercial Real Estate Market in Wall Township, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
148 active listings and 1,113 off-market properties in Wall Township, NJ. Commercial property asks $358/SF to buy and $19.83/SF/Yr to lease.
Market Trends
Wall Township, NJ spans 99.7 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wall Township, 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 Wall Township, 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 Wall Township, 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 Wall Township, 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
Market overview
Demographics & Economy
Wall Township, NJ has 147,904 residents in 62,306 households. Density runs 1,483 people per square mile. Median household income here is $110,440 and median gross rent $1,988 a month.
147,904
Population
62,306
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
95%
High-School Grad
99.7 sq mi
ZIP Area
1,483
Density / Sq Mi
$110,440
Median Household Income
$53,665
Median Earnings
$1,988
Median Rent
$445,719
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.83/SF/Yr lease vs $358/SF buy → buying wins if held > 6.9 years.
The comparison uses county-wide sale comps against Wall Township asking rents, so the implied 5.5% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Lake Heights | $358 (county avg) | — |
| Spring Lake | $358 (county avg) | — |
| Lake Como | $358 (county avg) | — |
| Sea Girt | $358 (county avg) | — |
Commercial property in Wall Township, NJ asks $358/SF. The 4 bordering markets run from $358/SF in Spring Lake Heights to $358/SF in Spring Lake Heights, 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 Wall Township?
Commercial property in Wall Township, NJ asks an average of $358 per square foot. The 6 most recent recorded sales traded at a median of $379/SF. Retail carries the highest asking price at $406/SF.
How much does it cost to lease commercial space in Wall Township?
Asking lease rates in Wall Township, NJ average $19.83 per square foot per year.
Is it cheaper to lease or buy commercial space in Wall Township?
Buying beats leasing in Wall Township, NJ if the property is held longer than 6.9 years, comparing $19.83/SF/Yr asking rent with $358/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Wall Township compare to nearby markets on price?
Wall Township, NJ asks $358/SF against $358/SF in Spring Lake Heights, $358/SF in Spring Lake, $358/SF in Lake Como and $358/SF in Sea Girt.
Where does Realmo's Wall Township market data come from?
Realmo compiles Wall Township, NJ figures from 6 recent recorded sales, 103 active sale listings, 45 active lease listings, 1,113 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 103 active for-sale and 45 active for-lease listings in Wall Township, 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.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
