Commercial Real Estate Market in Blakely, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 36 off-market properties in Blakely, PA. Commercial property asks $107/SF to buy and $8.57/SF/Yr to lease.
Market Trends
Blakely, PA spans 19.9 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Blakely, PA asks $137/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 Blakely, PA asks $93/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 Blakely, 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 Blakely, PA asks $107/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.1%
- Open space 33.1%
- Commercial 15.3%
- Civic 2.9%
- Agricultural 1.9%
- Industrial 1.7%
Largest Zones share of zoned land by district
Open Space Conservation
Medium Density Residential
Low Density Residential
Highway Commercial
General Commercial
Blakely, PA zones 2,475 acres across 10 districts. Commercial zoning covers 15.3% of zoned land, residential 45.1%, open space 33.1% and industrial 1.7%. The largest single district is Open Space Conservation at 33.1%. For commercial buyers the practical constraint is that only 17% of land carries a commercial or industrial designation.
Open Space Conservation (S-2)
The purpose of the Conservation District is to protect and preserve the existing open space, extensive steep slopes areas, and plant and animal communities found within these portions of the Borough and to provide for the development of limited uses that are compatible with the unique and sensitive natural environment within this district at low densities an…
Market overview
Demographics & Economy
Blakely, PA has 10,362 residents in 4,799 households. Density runs 520 people per square mile. Median household income here is $64,276 and median gross rent $971 a month.
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
520
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Olyphant | $107 (county avg) | — |
| Dickson City | $107 (county avg) | $16.40 |
| Throop | $107 (county avg) | — |
| Scott Township | $107 (county avg) | — |
Commercial property in Blakely, PA asks $107/SF. The 4 bordering markets run from $107/SF in Olyphant to $107/SF in Olyphant, and the city sits in line with their $107/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Blakely?
Commercial property in Blakely, PA asks an average of $107 per square foot. Office carries the highest asking price at $137/SF.
How much does it cost to lease commercial space in Blakely?
Asking lease rates in Blakely, PA average $8.57 per square foot per year.
How does Blakely compare to nearby markets on price?
Blakely, PA asks $107/SF against $107/SF in Olyphant, $107/SF in Dickson City, $107/SF in Throop and $107/SF in Scott Township.
What zoning applies to commercial property in Blakely?
Blakely, PA zones 2,475 acres across 10 districts, of which 15.3% is commercial and 1.7% industrial. The largest single district is Open Space Conservation at 33.1% of zoned land. The purpose of the Conservation District is to protect and preserve the existing open space, extensive steep slopes areas, and plant and animal communities found within these portions of the Borough and to provide for the development of limited uses that are compatible with the unique and sensitive natural environment within this district at low densities an… Residential zoning covers 45.1% and open space 33.1%.
Where does Realmo's Blakely market data come from?
Realmo compiles Blakely, PA figures from 2 recent recorded sales, 9 active sale listings, 1 active lease listings, 36 tracked off-market properties, the current Blakely zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Blakely, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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.
- Zoning and land use
- The current municipal zoning release: 2,475 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
