Somerville, NJ Retail Properties & Spaces for Lease
Similar Spaces for Sale in Somerville, NJ
Somerville, NJ Retail properties & Spaces Lease Rates & Market Statistics
Explore 17 Retail properties & Spaces for lease in Somerville, NJ on Realmo, a commercial real estate exchange covering the Somerville area. The current inventory totals 177,611 square feet of properties — an average of ~10,450 SF per listing.
Retail properties & Spaces lease rates in Somerville range from $3.15 SF/Yr at the entry level to $24 SF/Yr at the top of the market, averaging $16.07 SF/Yr. That's a 8x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $16.07 SF/Yr is 37% below the New Jersey state average of $25.56 SF/Yr.
Somerville accounts for 13% of the 127 retail properties & spaces currently available across Somerset County, where nearby markets include Hillsborough and Bound Brook.