Commercial Real Estate Market in Albion, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 167 off-market properties in Albion, PA.
Market Trends
Albion, PA spans 56.3 square miles in Erie County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Albion, PA asks $80/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Albion, PA asks $112/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Albion, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Albion, PA asks $81/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Albion, PA has 6,484 residents in 1,769 households. Density runs 115 people per square mile. Median household income here is $67,976 and median gross rent $636 a month.
6,484
Population
1,769
Households
3.7
Avg Household Size
42
Median Age
12%
College-Educated
87%
High-School Grad
56.3 sq mi
ZIP Area
115
Density / Sq Mi
$67,976
Median Household Income
$32,800
Median Earnings
$636
Median Rent
$152,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cranesville | — | — |
| Springboro | — | — |
| West Springfield | — | — |
| East Springfield | — | — |
Commercial property in Albion, PA asks $8/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albion?
Commercial property in Albion, PA asks an average of $8 per square foot. The 4 most recent recorded sales traded at a median of $122/SF. Retail carries the highest asking price at $112/SF.
Where does Realmo's Albion market data come from?
Realmo compiles Albion, PA figures from 5 recent recorded sales, 16 active sale listings, 1 active lease listings, 167 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 1 active for-lease listings in Albion, PA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
