Commercial Real Estate Market in Wall, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
150 active listings and 1,113 off-market properties in Wall, NJ. Commercial property asks $337/SF to buy and $19.49/SF/Yr to lease.
Market Trends
Wall, NJ spans 12.7 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Wall, NJ asks $269/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, NJ asks $322/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, 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, NJ asks $385/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, NJ has 21,665 residents in 10,753 households. Density runs 1,707 people per square mile. Median household income here is $119,877 and median gross rent $1,754 a month.
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,707
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.49/SF/Yr lease vs $337/SF buy → buying wins if held > 5.9 years.
The comparison uses county-wide sale comps against Wall asking rents, so the implied 5.8% 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.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wall?
Commercial property in Wall, NJ asks an average of $337 per square foot. The 6 most recent recorded sales traded at a median of $379/SF. Multifamily carries the highest asking price at $385/SF.
How much does it cost to lease commercial space in Wall?
Asking lease rates in Wall, NJ average $19.49 per square foot per year.
Is it cheaper to lease or buy commercial space in Wall?
Buying beats leasing in Wall, NJ if the property is held longer than 5.9 years, comparing $19.49/SF/Yr asking rent with $337/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.
Where does Realmo's Wall market data come from?
Realmo compiles Wall, NJ figures from 6 recent recorded sales, 105 active sale listings, 45 active lease listings, 1,113 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 105 active for-sale and 45 active for-lease listings in Wall, 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 30 September 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 30 September 2026 · report a data issue
