Commercial Real Estate Market in Pennsylvania
Pennsylvania has 12,378 active for-sale listings and 8,239 active for-lease listings. Statewide, the median asking price is $146/SF and the median asking rent is $16.05/SF/Yr as of November 2026. Realmo tracks 275 city markets here; among the 81 with enough listings to rank, median asking prices range from $51/SF in Sayre to $297/SF in Newtown.
- Median asking price
- $146/SF
- Median asking rent
- $16.05/SF/Yr
- For-sale listings
- 12,378
- For-lease listings
- 8,239
- City markets
- 275
Highest- and Lowest-Priced Markets
Asking prices vary across Pennsylvania: the median in Newtown is $297/SF, 5.8x the $51/SF median in Sayre. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Newtown at $297/SF, Doylestown at $290/SF and Levittown at $268/SF. The lowest median asking prices are in Sayre at $51/SF, Shenandoah at $55/SF and Danville at $56/SF. 36 of 81 ranked markets have median asking prices above the statewide $146/SF.
Asking Rents
The highest median asking rents are in Hollidaysburg at $28.36/SF/Yr, Pittsburgh at $25.75/SF/Yr and Media at $25.00/SF/Yr. The lowest median asking rents are in Wilkes Barre at $12.00/SF/Yr, Coopersburg at $12.00/SF/Yr and Johnstown at $13.70/SF/Yr. 19 of 35 ranked markets have median asking rents above the statewide $16.05/SF/Yr.
Pennsylvania vs. Neighboring States
The median asking price in Pennsylvania is $146/SF, below the $184/SF median of its 6 neighboring states. By median asking price, the state ranks 5th of 7 in the group; New York is highest at $292/SF and West Virginia lowest at $80/SF. The median asking rent is $16.05/SF/Yr, compared with $22.66/SF/Yr in New York, $21.29/SF/Yr in New Jersey and $15.00/SF/Yr in Ohio next door. The statewide median asking price is below the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Pennsylvania | $146 | $16.05 | 12,378 | 8,239 |
| Delaware | $171 | $17.65 | 616 | 605 |
| Maryland | $197 | $18.38 | 4,214 | 3,968 |
| New Jersey | $246 | $21.29 | 8,546 | 6,121 |
| New York | $292 | $22.66 | 25,693 | 11,512 |
| Ohio | $90 | $15.00 | 8,765 | 5,822 |
| West Virginia | $80 | $15.51 | 981 | 200 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Pennsylvania
Realmo tracks 275 city markets in Pennsylvania; the 40 with the most active listings are listed below. Philadelphia leads with 4,609 active listings, followed by Pittsburgh and Allentown.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Philadelphia | 4,609 | $200 | $20.60 |
| Pittsburgh | 1,020 | $138 | $25.75 |
| Allentown | 567 | $163 | $14.50 |
| Lancaster | 431 | $183 | $14.72 |
| Bethlehem | 348 | $163 | $19.00 |
| Rosemont | 348 | $163 | $19.00 |
| Erie | 324 | $78 | $14.00 |
| York | 322 | $99 | $15.00 |
| Harrisburg | 318 | $114 | $14.50 |
| Scranton | 316 | $102 | $14.04 |
| Norristown | 288 | $181 | $20.00 |
| Reading | 248 | $137 | $16.00 |
| Easton | 237 | $166 | $16.00 |
| Johnstown | 200 | $43 | $13.70 |
| Wilkes Barre | 162 | $91 | $12.00 |
| West Chester | 155 | $254 | $18.44 |
| Langhorne | 141 | $189 | $16.88 |
| Williamsport | 138 | $93 | — |
| Pottstown | 132 | $166 | — |
| Mechanicsburg | 117 | — | $17.50 |
| Stroudsburg | 116 | $159 | $20.87 |
| East Stroudsburg | 111 | $162 | $18.01 |
| Altoona | 103 | $49 | $14.21 |
| Chambersburg | 102 | $98 | — |
| Doylestown | 102 | $290 | $21.07 |
| Hanover | 102 | $131 | — |
| Malvern | 101 | — | $21.17 |
| Phoenixville | 100 | $230 | — |
| Chester | 98 | $112 | — |
| Lansdale | 91 | $144 | $15.00 |
| Secane | 91 | $165 | — |
| Upper Darby | 91 | $165 | — |
| Carlisle | 87 | $140 | — |
| Camp Hill | 81 | $214 | — |
| Exton | 81 | — | $14.25 |
| Washington | 81 | — | — |
| Lebanon | 75 | $112 | — |
| Newtown | 72 | $297 | $25.00 |
| Butler | 70 | — | — |
| Pottsville | 70 | $73 | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Pennsylvania?
How much does it cost to lease commercial space in Pennsylvania?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Pennsylvania compare with neighboring states?
Which markets in Pennsylvania have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 12,378 active for-sale and 8,239 active for-lease listings across Pennsylvania in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 5,905 for-sale and 1,929 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
