Commercial Real Estate Market in Blakely, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 36 off-market properties in Blakely, PA.
Market Trends
Blakely, PA spans 19.9 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Lackawanna County, office space asks $113/SF to buy. Office vacancy in Blakely, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Lackawanna County, retail space asks $113/SF to buy. Retail vacancy in Blakely, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
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%.
Multifamily
Across Lackawanna County, multifamily space asks $113/SF to buy. Multifamily vacancy in Blakely, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Olyphant | $105 | — |
| Throop | $130 | — |
| Jessup | $88 | — |
Across Lackawanna County, commercial property asks $106/SF. The 3 bordering markets run from $88/SF in Jessup to $130/SF in Throop, and Lackawanna County sits in line with their $105/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Blakely?
How does Blakely compare to nearby markets on price?
What zoning applies to commercial property in Blakely?
Where does Realmo's Blakely market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 1 active for-lease listings in Blakely, PA. The sale figure is the Lackawanna County average, as too few listings here state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
