ATLANTIC COUNTY - COMMERCIAL MARKET REPORT

REPORT BY

FARLEY&FERRY REALTY

COMMERCIAL
REAL ESTATE

2021 Q1-Q3 MARKET REPORT

ATLANTIC COUNTY, NEW JERSEY

ABOUT
FARLEY&FERRY

Farley & Ferry Realty is a boutique style firm with over a 100 years of
experience, proudly carried on by the present sales staff handpicked by
Mary Lou, who is dedicated to exceptional service and to those who will
not settle for less! Our sales associates are a diverse group of
professionals who speak multiple languages and are able to provide
outstanding service, while they guide the clientele through each
individual transaction.
The uniqueness of Farley & Ferry Realty is to combine its
longevity & history in the Atlantic County real estate market with
the ability to constantly evolve and keep up with the current trends
to be a digital leader in today's market.

Farley & Ferry Realty's expertise of areas includes
residential sales division,
residential long term and short term rental division,
REO division, short sale division,
commercial investment & lease division and
new construction division.

Farley & Ferry Realty mainly operates in Atlantic County & South
Jersey, but as of 2020 the real estate brokerage is expended and
officially licensed in Pennsylvania to serve clients needs in the
neighboring states.
The company has a large online presence on major social media
sites and also participates in South Jersey Regional MLS service,
Cape May MLS services, Bright MLS service and
COSTAR/Loopnet Commercial Service.
When you choose Farley & Ferry Realty led by Mary Lou Ferry
Wimmer, the years of experience in leadership and excellence
assures the clients of the absolute best personal and professional
real estate services. Mary Lou Ferry Wimmer is the owner and
managing broker of Farley & Ferry Realty since 1980.
At Farley & Ferry Realty our goal is simple - to deliver a service
that is nothing less than exceptional!

MARKET REPORT
ATLANTIC COUNTY

Atlantic County is ready to go up and is ready
for investors to invest in this one of a kind
community. From Atlantic City to Hammonton
there is something for every kind of investor.

LOTS NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS
2021
QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
LAND PRICE PRICE
146 180
$178,227 $240,581

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
116
DUPLEX 157 $335,647 22 $276,549
TRIPLEX 25 $394,120 29 $235,695
4-10 UNITS 14 $324,607 1 $342,303
MORE 6 $945,166
$1,200,000

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
41
FOR SALE 63 $470,346 13 $320,762
15 $421,433 13 $260,722
COMMERCIAL 12
4 $1,450/MONTH $2,270/M
BUSINESS/OFFICE 12 $3,904/MONTH $2,783/M

FOR RENT

COMMERCIAL
OFFICE

MARKET REPORT
ATLANTIC COUNTY

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

figures for the atlantic county market

LEARN MORE ABOUT
ATLANTIC CITY

Atlantic City is situated on Absescon Island. Absecon Island is a barrier island located on the
Jersey Shore of the Atlantic Ocean in Atlantic County, New Jersey, United States. On the
island (from north to south) are the resort communities of Atlantic City, Ventnor, Margate,
and Longport. The island ends at Absecon Inlet to the north and Great Egg Harbor Inlet to the
south.
Atlantic City is the seaside gaming and resort capital of the East Coast, hosting over 27
million visitors a year, making it one of the most popular tourist destinations in the United
States. Getting to Atlantic City is easier than ever. The Atlantic City International Airport is 12
miles west of the city and provides service all over the country. Atlantic City is only an hour
from Philadelphia and two-and-a-half hours from New York City. Rail service provided by New
Jersey Transit arrives and departs through the rail terminal adjacent to the Atlantic City
Convention Center and Philadelphia’s 30th Street Station.

MARKET REPORT
ATLANTIC CITY

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

More and more investors and developers started to come in to Atlantic City from out of
town and from the NYC area which shows in the numbers as well both volume and
value is on the rise.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
26 22
LAND $123,988 $40,000

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
18
DUPLEX 39 $208,684 5 $111,107
12 $340,125 5 $206,000
TRIPLEX 7 $253,214 2 $203,980
4-10 UNITS 4 $523,750 $670,000
MORE

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
9
FOR SALE 12 $483,725 16 $232,277
COMMERCIAL 2 $345,000 3 $311,906
2 $1,250/M
BUSINESS/OFFICE 4 $1,450/ MONTH $4,600/M
1 $1,200/ MONTH
FOR RENT

COMMERCIAL

OFFICE

ATLANTIC CITY
COMMERCIAL SOLD 2020

ATLANTIC CITY
COMMERCIAL SOLD 2021

ATLANTIC CITY
COMMERCIAL RENT 20-21

Commercial for Rent- 2020

commercial For rent 2021

ACTIVE BY FARLEY&FERRY

ATLANTIC CITY

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

COMMERCIAL

2311 ATLANTIC AVE 3101 BOARDWALK
2590 SQFT UNIt R26

LISTED for $435,000 LISTED for $299,000

1013-1015 PACIFIC AVE 3201 ATLANTIC AVE
16,000 SQFT 12 UNITS

LISTED for $130,000 LISTED for $2,440,000

MULTI FAMILY

4703 THERESA PL 4 N BRIGHTON 24 N MONTPELIER AVE
DUPLEX 7 UNITS 4 UNITS

LISTED for $209,000 LISTED for $199,000 LISTED for $319,000

SOLD BY FARLEY&FERRY

ATLANTIC CITY

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

LOTS

2015 N riverside dr - 602 n Connecticut ave
Venice park Water front

Sold for $89,900 Sold for $129,00

MULTI FAMILY

COMMERCIAL 42 Trenton terrace
Duplex

sold for $130,000

10 n California ave
Commercial

sold for $82,500

LEARN MORE ABOUT
VENTNOR

Ventnor City is situated on Absescon Island. Absecon Island is a barrier island located on the
Jersey Shore of the Atlantic Ocean in Atlantic County, New Jersey, United States. On the
island (from north to south) are the resort communities of Atlantic City, Ventnor City,
Margate, and Longport. The island ends at Absecon Inlet to the north and Great Egg Harbor
Inlet to the south.
VENTNOR CITY is an enchanting seaside community with small town charm, world class white
sand beaches, boardwalk, award-winning restaurants and quaint cafés? Ventnor City has all
this and more. Enjoy the cool ocean breeze as you stroll or bicycle down the world famous
boardwalk, stopping at a local bistro for breakfast or just a cup of coffee. Conveniently
located on Atlantic City's northern edge, Ventnor City's laid back beach resort atmosphere is
the perfect getaway from the fast pace of Atlantic City!

MARKET REPORT
VENTNOR

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

Investors are coming to Ventnor for the small town feel. there are many local shops in
their quant downtown, beautiful beaches, and great restaurants.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
6 15
LAND $420,000 $556,340

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
30
DUPLEX 40 $406,577 2 $346,166
5 $468,300 2 $532,000
TRIPLEX 1 $525,000 N/A $250,000
4-10 UNITS
MORE 2 $1,335,499

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
6
FOR SALE N/A $563,000
1
COMMERCIAL 4 $431,000 2 $600/M
1 $274,000 $920/M
BUSINESS/OFFICE
3 $1,083/
FOR RENT 2 $2,350/MONTH

COMMERCIAL

OFFICE

VENTNOR
COMMERCIAL SOLD

Commercial SOLD- 2020

Commercial SOLD- 2021

VENTNOR
COMMERCIAL FOR RENT

Commercial FOR RENT- 2020

Commercial FOR RENT- 2021

SOLD BY FARLEY&FERRY

VENTNOR

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

LOTS

108 s oxford 5505 Washington Ave
beach block perfect for single or
Sold for $630,000 multi- family homes

MULTI FAMILY Sold for $37,000

COMMERCIAL 101 s victoria ave
16 units

sold for $1,671,000

5312 Atlantic ave
former bank

sold for $1,250,000

ACTIVE BY FARLEY&FERRY

VENTNOR

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

LOTS

139 N NEWPORT 108 S VICTORIA AVE
1 BLOCK FROM BAY APPROVAL FOR 4 UNITS
LISTED for $209,000 LISTED for $1,000,000

MULTI FAMILY

5400 CALVERT AVE
DUPLEX

LISTED for $369,000

LEARN MORE ABOUT
MARGATE

MARGATE is situated on Absescon Island. Absecon Island is a barrier island located on the
Jersey Shore of the Atlantic Ocean in Atlantic County, New Jersey, United States. On the
island (from north to south) are the resort communities of Atlantic City, Ventnor City,
Margate, and Longport. The island ends at Absecon Inlet to the north and Great Egg Harbor
Inlet to the south.
MARGATE is the best of everything the Jersey Shore has to offer! It is a community of
beautiful beaches and dramatic bay views. Margate is perfect for those who want to enjoy a
small town lifestyle with access to big city nightlife. Its sense of community shines through
its stunning mix of new homes and those which have stood along the tree and fountain-lined
streets for over 100 years. Margate boasts numerous places to worship, shop and play;
including a tree-lined walkable business district filled with restaurants, cafes and boutique
shops offering a variety of eclectic wares and mouth-watering flavor profiles.

MARKET REPORT
MARGATE

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

Margate has many opportunities for duplexes in this area great for summer rentals or
year long rentals. There is also many opportunities for commercial properties as these
properties seem on average to be renting for a more than other towns on the island.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
4 10
LAND $543,250 $556,500

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
13
DUPLEX 10 $527,100 N/A $434,371
N/A 1
TRIPLEX N/A N/A $365,000
4-10 UNITS
MORE N/A

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE

FOR SALE $320,000
$700,000
COMMERCIAL 4 2 $347,500
1 N/A
BUSINESS/OFFICE $2,350/M
N/A 1 $1,260/M
FOR RENT N/A 1

COMMERCIAL

OFFICE

MARGATE
COMMERCIAL SOLD/RENT

Commercial SOLD- 2020
Commercial SOLD- 2021

Commercial FOR RENT- 2020

SOLD BY FARLEY&FERRY

MARGATE

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

COMMERCIAL

9615 Ventnor ave
Office/professional

sold for $660,000

LEARN MORE ABOUT
NORTHFIELD

NORTHFIELD CITY is offshore from the the Absescon Island. This town is a suburban area of
Atlantic County
NORTHFIELD CITY is the a family oriented town with a long bike trail and a large park. This
town is 10 minutes from the beach with two main roads going through town. This town has a
great sense of community with a small downtown with shops and restaurants. There is quick
and easy access to Garden State Parkway and a bridge that will bring you to the Absescon
Island.

MARKET REPORT
NORTHFIELD CITY

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

Northfield City does not have many multi-family units but can make up for it with great
lots of land for sale and opportunities to buy and rent commercial properties.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
3 3
LAND $30,800 $65,000

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
N/A
DUPLEX N/A $364,000 N/A $276,500
N/A 1
TRIPLEX 1 N/A
4-10 UNITS
MORE N/A

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
2
FOR SALE 4 $482,500
N/A $328,500
COMMERCIAL 6 $437,333 N/A
2 $675,000
BUSINESS/OFFICE
1 $472/Month
FOR RENT 1 $1,300/Month

COMMERCIAL

OFFICE

NORTHFIELD CITY
COMMERCIAL SOLD 2020

NORTHFIELD CITY
COMMERCIAL SOLD/RENT

Commercial SOLD- 2021

Commercial FOR RENT- 2021

SOLD BY FARLEY&FERRY

NORTHFIELD

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MULTI FAMILY

1506 New Road
4 units

sold for $364,000

COMMERCIAL

1116 tilton rd
Commercial
sold for $299,000

508-512 new road
commercial

sold for $399,000

ACTIVE BY FARLEY&FERRY

NORTHFIELD

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

COMMERCIAL

802 TILTON AVE
OFFICE/PROFESSIONAL
LISTED FOR $330,000

LEARN MORE ABOUT
EGG HARBOR TOWNSHIP

EGG HARBOR TOWNSHIP is situated Margate, and Longport. The island ends at Absecon Inlet
to the north and Great Egg Harbor Inlet to the south.
EGG HARBOR TOWNSHIP is the best of everything the Jersey Shore has to offer! It is a
community of beautiful beaches and dramatic bay views. Margate is perfect for those who
want to enjoy a small town lifestyle with access to big city nightlife. Its sense of community
shines through its stunning mix of new homes and those which have stood along the tree and
fountain-lined streets for over 100 years. Margate boasts numerous places to worship, shop
and play; including a tree-lined walkable business district filled with restaurants, cafes and
boutique shops offering a variety of eclectic wares and mouth-watering flavor profiles.

MARKET REPORT
EGG HARBOR TOWNSHIP

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

More and more investors and developers started to come in to Atlantic City from out of
town and from the NYC area which shows in the numbers as well both volume and
value is on the rise.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
22 15
LAND $98,886 $99,300

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
N/A
DUPLEX 3 $148,666 N/A
1 $378,000 N/A
TRIPLEX N/A N/A
4-10 UNITS
MORE N/A

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
FOR SALE 3
$649,980 1 $165,000
COMMERCIAL 5 2 $182,000
N/A $472/Month N/A
BUSINESS/OFFICE $1,650/Month $1,250/Mo
1
FOR RENT 2

COMMERCIAL

OFFICE

EGG HARBOR TOWNSHIP

COMMERCIAL SOLD

Commercial SOLD- 2020

Commercial SOLD- 2021

EGG HARBOR TOWNSHIP

COMMERCIAL FOR RENT

Commercial FOR RENT- 2020

Commercial FOR RENT- 2021

SOLD BY FARLEY&FERRY

EGG HARBOR TOWNSHIP

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

LOTS

11 winnepeg ave
5 acres

Sold for $70,000

ACTIVE BY FARLEY&FERRY

EGG HARBOR TOWNSHIP

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

LOTS

NATHAN LANE
5.7 ACRES

LISTED for $269,000

COMMERCIAL

6779 WASHINGTON AVE

OFFICE/PROFESSIONAL
LISTED for $99,900

LEARN MORE ABOUT
GALLOWAY TOWNSHIP

GALLOWAY TOWNSHIP is situated offshore, right outside of Atlantic City with access to the
Garden State parkway, Black Horse Pike, And the Atlantic City Express way.
GALLOWAY TOWNSHIP is has everything that an investor is looking for in a town. The town
has Stockton University that is expanding rapidity and is very involved in the community.
There is an Atlantic Care hospital, many different restaurants, and businesses around town.
On the other hand there are residential areas with a large middle class population.

MARKET REPORT
GALLOWAY TOWNSHIP

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

MAIN TAKEAWAY

Developers are excited about Galloway with many lots and commercial properties
selling for this exploding market.

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
19 19
LAND $70,500 $54,500

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
N/A
DUPLEX N/A $382,000 N/A $192,500
1 1
TRIPLEX N/A N/A
4-10 UNITS
MORE N/A

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
3
FOR SALE 7 $587,728 1 $165,000
3 $677,500 N/A $182,000
COMMERCIAL 2
1 $1,100/Month $900/Mo
BUSINESS/OFFICE 2 $2,350/Month

FOR RENT

COMMERCIAL
OFFICE

GALLOWAY TOWNSHIP

COMMERCIAL SOLD/RENT- 2020

Commercial SOLD- 2020

Commercial FOR RENT- 2020

GALLOWAY TOWNSHIP

COMMERCIAL SOLD/RENT- 2021

Commercial SOLD- 2021

Commercial FOR RENT- 2021

LEARN MORE ABOUT
HAMILTON TOWNSHIP

HAMILTON TOWNSHIP is a in the suburbs of Atlantic City that is a 10 minute drive to a beach
and 30 minutes from Atlantic City
HAMILTON TOWNSHIP is the a great small town feel with many businesses close by.
Hamilton Township has many great parks and family attractions. There is a Walmart a town
over in May's Landing and in town is the Hamilton Mall with many businesses surrounding the
mall including Target, Dick's Sporting good, Staples and many more. This town has great
opportunities for investors to thrive in this market.

MARKET REPORT
HAMILTON TOWNSHIP

MAIN TAKEAWAYNUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

Hamilton Township is showing that duplexes are selling and this town maybe good for
first time investors. This town can also be great for veteran investors with the
commercial properties that are selling

LOTS QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
2021 PRICE PRICE
12 20
LAND $35,033 $32,115

MULTI FAMILY

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE
1
DUPLEX 4 $222,325 N/A $230,000
1 $382,000 N/A
TRIPLEX N/A N/A
4-10 UNITS
MORE N/A

COMMERCIAL

2021 QTY AVERAGE SOLD 2020 QTY AVERAGE SOLD
PRICE PRICE

FOR SALE $274,975
$130,000
COMMERCIAL 4 2 $165,000
1 3 $606,000
BUSINESS/OFFICE
N/A 2 $1,650/Mo
FOR RENT N/A 3 $1,100/Mo

COMMERCIAL

OFFICE

HAMILTON TOWNSHIP

COMMERCIAL SOLD

Commercial SOLD- 2020

Commercial SOLD- 2021

HAMILTON TOWNSHIP

COMMERCIAL FOR RENT

Commercial FOR RENT- 2020

ACTIVE BY FARLEY&FERRY

HAMILTON TOWNSHIP

NUMBERS ARE FROM JANUARY 1, 2021 - SEPTEMBER 30,2021 FROM THE SOUTH JERSEY MLS

COMMERCIAL

6167 HARDING HWY
RETAIL SPACE

FOR RENT $1,500

FROM THE NEWS

Atlantic City Housing Market Heats
Up as Investors Look Beyond
Casinos
Home prices rose 30% in the fourth
quarter, making the New Jersey city
one of the country’s biggest gainers

2/28/21

Stockton proceeds with
Atlantic City campus
expansion



6/9/21
Industry shows interest in NJ
wind, solar energy projects

10/28/21

FROM THE NEWS

N.J.’s newest Target has
opened in Somers Point,
replacing a shuttered
Kmart

10/22/21

Resorts Casino Capriccio
Italian Restaurant Is #1 In

America, Again



10/28/21

Atlantic Cape breaks ground on
Wind Training Center funded by
$3M state grant

10/29/21

FROM THE NEWS

Food Desert No More:
Plans for ShopRite in
Atlantic City Move Forward

8/31/21

Once a notorious Superfund,

South Jersey landfill property

soon will power hundreds of

homes with solar

10/28/21


Showboat’s $100 Million
Waterpark Approved in
Atlantic City

10/29/20

YOUR COMMERCIAL
CONNECTION

MEET OUR COMMERCIAL TEAM

Mary Lou Ferry-Wimmer Andrea Bajzat Sinderbrand Joseph Di GiroLamo, SR.

Broker, Owner Marketing Director Real Estate Agent

609.289.1139 917.963.1081 609.513.5830

[email protected] [email protected] [email protected]

Michael Christakos Alexander Linsk Heather Leek

Real Estate Agent Real Estate Agent Real Estate Agent

609.703.4464 609.442.9563 609.214.9999

[email protected] [email protected] [email protected]

Beth Pinero Edgar Parra Marie Cooke

Real Estate Agent Real Estate Agent Real Estate Agent

609.304.1096 609.703.8365 609.576.9012

[email protected] [email protected] [email protected]

Tina Lobiondo Donna Cline Matthew Samaha

Real Estate Agent Real Estate Agent Intern

609.501.3211 609.287.8488 732.336.9414

[email protected] [email protected] [email protected]