Commercial Real Estate Market in Watchung, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 94 off-market properties in Watchung, NJ.
Market Trends
Watchung, NJ spans 6.3 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Watchung, 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 Watchung, 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 Watchung, 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 Watchung, 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
- Civic 82%
- Commercial 7.2%
- Residential 3.7%
Largest Zones share of zoned land by district
Rural Single Family Residential
Highway Development
Quarry
Single Family Residential
Single Family Residential
Rural Single Family Residential (R-R)
Adjacent vacant land in the R-R Rural Single-Family Residential Zoning District which is under the same ownership as the land within the H-D Highway Development Zoning District proposed for the regional retail shopping complex may be consolidated with the lands in the H-D Zoning District for the purposes of floor area ratio and lot coverage calculations only…
Market overview
Demographics & Economy
Watchung, NJ has 6,696 residents in 2,471 households. Density runs 1,058 people per square mile. Median household income here is $166,693 and median gross rent $2,571 a month.
6,696
Population
2,471
Households
2.7
Avg Household Size
47
Median Age
63%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
1,058
Density / Sq Mi
$166,693
Median Household Income
$90,709
Median Earnings
$2,571
Median Rent
$838,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Brook | $171 (county avg) | — |
| Dunellen | $171 (county avg) | — |
Commercial property in Watchung, NJ asks $287/SF. The 2 bordering markets run from $171/SF in Green Brook to $171/SF in Green Brook, and the city sits above their $171/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watchung?
Commercial property in Watchung, NJ asks an average of $287 per square foot. Multifamily carries the highest asking price at $327/SF.
How does Watchung compare to nearby markets on price?
Watchung, NJ asks $287/SF against $171/SF in Green Brook and $171/SF in Dunellen. Green Brook is the cheapest entry point at 40% below Watchung pricing.
Where does Realmo's Watchung market data come from?
Realmo compiles Watchung, NJ figures from 4 recent recorded sales, 7 active sale listings, 4 active lease listings, 94 tracked off-market properties, the current Watchung zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 4 active for-lease listings in Watchung, 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: 3,856 zoned acres across 15 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
