NAICS 53

Real Estate and Rental and Leasing in Trenton-Princeton, NJ

Metro Market Score 59.5 (Challenging), ranked #271 of 330 metros. 298 establishments, 2,549 jobs.

Metro Market Score 59.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Trenton-Princeton's real estate and rental and leasing sector saw employment decline over the past year (growth trend: 17.0). That contraction, combined with a 59.5 market score, puts this metro in the bottom quartile for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

28.5

LQ: 0.62

Rank #94 of 330 metros

Wage Competitiveness

92.4

$76,155 avg wage

Growth Trend

↓ 17.0

Employment growth index

Rank #275 of 330 metros

Wage Pressure

22.0

YoY wage change index

298 Real Estate and Rental and Leasing Firms in Trenton-Princeton

298

Establishments

+1.0% YoY

2,549

Total Employment

-4.2% YoY

$76,155

Average Annual Wage

+7.3% YoY

0.62

Location Quotient

Below national avg

Within New Jersey

#2 of 2

real estate and rental and leasing metros in state

New Jersey state rank

#19 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (59.5)

Trenton-Princeton vs New Jersey Statewide

How this metro's real estate and rental and leasing market compares to New Jersey overall. The state ranks #19/51 for entry risk.

Measure	Trenton-Princeton	NJ Statewide
Overall Score	59.5 Challenging	37.3 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#271 of 330 metros	#19 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Trenton-Princeton

Retail Trade 42.0 Administrative and Support Services 42.0 Healthcare and Social Assistance 44.7 Accommodation and Food Services 46.1 Construction 55.1 Professional, Scientific, and Technical Services 62.8 Other Services 66.4 Finance and Insurance 74.4 Information 75.7

Real Estate and Rental and Leasing in Other New Jersey Metros

Atlantic City-Hammonton 25.2 #42/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Trenton-Princeton's 59.5 score. Useful when comparing markets with comparable entry profiles.

Shreveport-Bossier City, LA 59.5 #272/330 Pittsburgh, PA 59.5 #270/330 Wildwood-The Villages, FL 59.2 #269/330 Champaign-Urbana, IL 59.2 #268/330 Hilton Head Island-Bluffton-Port Royal, SC 59.9 #273/330 Phoenix-Mesa-Chandler, AZ 60.1 #274/330 Springfield, MA 60.2 #275/330 Miami-Fort Lauderdale-West Palm Beach, FL 60.2 #276/330 Baltimore-Columbia-Towson, MD 58.6 #267/330 Mobile, AL 60.5 #277/330

Real Estate and Rental and Leasing in States Bordering New Jersey

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Pennsylvania 24.5 #1/51 New York 37.6 #21/51 Delaware 53.2 #47/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Trenton-Princeton's real estate and rental and leasing sector, the employment growth component (83.0) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Trenton-Princeton, NJ MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment