Somerville, NJ Retail Properties & Spaces for Lease
Retail properties & Spaces for Lease in Nearby Cities
Similar Spaces for Sale in Somerville, NJ
Potential Development Sites for Consideration
Somerville, NJ Retail properties & Spaces Lease Rates & Market Statistics
Explore 12 Retail properties & Spaces for lease in Somerville, NJ on Realmo, a commercial real estate exchange covering the Somerville area. The current inventory totals 116,247 square feet of properties — an average of ~9,700 SF per listing.
Retail properties & Spaces lease rates in Somerville range from $3 SF/Yr at the entry level to $33.64 SF/Yr at the top of the market, averaging $18.68 SF/Yr. That's a 11x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $18.68 SF/Yr is 27% below the New Jersey state average of $25.70 SF/Yr.
Somerville accounts for 18% of the 65 retail properties & spaces currently available across Somerset County, where nearby markets include Hillsborough and Somerset.