Cape May, New Jersey Commercial Real Estate Market Report

The current inventory for Cape May, New Jersey on Commrty consists of 110 active commercial real estate listings, all of which are exclusively for sale. The entirety of this pool entered the marketplace over the past 90 days, while there have been no new listings added within the last 30 days. No transactions for sales or leases have been recorded on the platform within the last 180 days. This indicates a static environment where available assets have been held in inventory during the observation period without active turnover or recent additions to the supply base. Regarding pricing for these Cape May properties, data is available for 4 of the listed assets. These asking prices range from $1 million to $3.2 million, with a median price of $2.8 million. The composition of the 110 active listings is dominated by multifamily assets at 51, followed by 40 land listings. The remaining inventory is comprised of 10 retail, 4 businesses for sale, 2 mixed-use, 2 office, and 1 hospitality property. This asset mix is geared toward investors focused on the coastal tourism and residential sectors, which define the Cape May economy. These listings are entirely for sale, reflecting the current platform offerings.