Somerville, NJ Strip Malls for Lease
- Bridgewater, NJ
- Finderne, NJ
- Raritan, NJ
- Martinsville, NJ
- Manville, NJ
- Branchburg, NJ
- Bound Brook, NJ
- Franklin Twp, NJ
Strip malls for Lease in Nearby Cities
Similar Spaces for Sale in Somerville, NJ
Somerville, NJ Strip malls Lease Rates & Market Statistics
Explore 3 Strip malls for lease in Somerville, NJ on Realmo, a commercial real estate exchange covering the Somerville area. The current inventory totals 11,480 square feet of properties.
Strip malls 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 $13.58 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 $13.58 SF/Yr is 37% below the New Jersey state average of $21.60 SF/Yr.
Somerville accounts for 75% of the 4 strip malls currently available across Somerset County, where a nearby market includes Raritan. Strip malls are one of the more limited space types in Somerville, with just 3 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Storefront properties (6 listings) elsewhere in the Somerville market.
