Franklin Township, NJ
Commercial Real Estate Market Trends & Data

$303 Avg asking sale price
$277 Avg asking lease rate
22,654 SF Avg unit lease size
21,590 SF Avg building size for sale
6.92% Average cap rate

Franklin Township's Demographic Profile

Franklin Township has 8,993 households and a median income of $130,824, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 22,946
# Households 8,993
Median age 49
Median household income $130,824
Avg household size 3.0
Renter-occupied housing units 2,302
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Franklin Township, NJ

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Nearby Retail Markets Avg Cost/SF Typical Size
Franklin Township $342 16,092 SF
Franklin Park $640 3,992 SF
Somerset $265 33,672 SF
Kendall Park $825 2,438 SF
North Brunswick $495 18,457 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Franklin Township $295 42,211 SF 9.00%
North Brunswick $293 35,200 SF 4.66%
New Brunswick $324 32,437 SF 4.66%

Commercial Properties For Sale in Franklin Township

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

100% Leased NNN Retail Center - Route 27

Somerset, NJ

  • Retail Building
  • Auction Sale
For Sale

947 State Route 206

Princeton, NJ 08540

  • 10,301 SF Office Building
  • 8.48% Cap Rate
  • $2,000,000
For Sale

459 Somerset St

Somerset, NJ 08873

  • 21,000 SF Industrial Building
  • $3,675,000
For Sale

Talmadge Ave Redevelopment Lot

Bound Brook, NJ

  • Lots
  • $2,000,000
For Sale

Bound Brook Portfolio

Bound Brook, NJ

  • Industrial Building
  • $2,900,000
For Sale

35 Churchill Ave

Somerset, NJ 08873

  • 0.99 AC Lot
  • 1 Commercial Lot
  • $899,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Franklin Township pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Franklin Township $303 21,590 SF
Franklin Park $412 6,195 SF
Somerset $219 21,931 SF
Kendall Park $441 4,544 SF

Multifamily Properties For Sale in Franklin Township

For Sale

366 Somerset St

New Brunswick, NJ 08901

  • 35,200 SF Multifamily
  • 4.66% Cap Rate
  • $10,299,000
For Sale

510 Hamilton

Somerset, NJ 08875

  • 89,083 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Franklin Township alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Franklin Township or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Franklin Township 22,946 8,993 49 $130,824 3 2,302 1%
Kendall Park 9,867 3,202 43 $146,863 3 456 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Franklin Township, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Franklin Township

View All Commercial Real Estate For Sale in Franklin Township
Is Franklin Township a good market for a first-time commercial real estate investor?

Franklin Township offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Franklin Township?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Franklin Township. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Franklin Township?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Franklin Township. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Franklin Township compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Franklin Township. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Franklin Township acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Franklin Township, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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