Commercial Real Estate Market in Carnegie, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 826 off-market properties in Carnegie, PA. Commercial property asks $46/SF to buy and $12.24/SF/Yr to lease.
Market Trends
Carnegie, PA spans 10.0 square miles in Allegheny County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carnegie, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Carnegie, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Carnegie, 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 vacancy in Carnegie, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69%
- Commercial 12.9%
- Industrial 7.3%
- Civic 6.7%
- Mixed use 4.1%
Largest Zones share of zoned land by district
Two Family Residential
One Family Residential
Planned Industrial
Multiple Family Residential
Office Commercial
Carnegie, PA zones 1,040 acres across 11 districts. Commercial zoning covers 12.9% of zoned land, residential 69% and industrial 7.3%. The largest single district is Two Family Residential at 34.9%. For commercial buyers the practical constraint is that only 20.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Carnegie, PA has 19,166 residents in 10,039 households. Density runs 1,923 people per square mile. Median household income here is $72,112 and median gross rent $990 a month.
19,166
Population
10,039
Households
1.9
Avg Household Size
43
Median Age
36%
College-Educated
96%
High-School Grad
10 sq mi
ZIP Area
1,923
Density / Sq Mi
$72,112
Median Household Income
$50,561
Median Earnings
$990
Median Rent
$190,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pittsburgh | — | $24.92 |
| Oakland | — | — |
| Bloomfield | — | — |
| Homewood | — | — |
Commercial property in Carnegie, PA asks $46/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carnegie?
Commercial property in Carnegie, PA asks an average of $46 per square foot.
How much does it cost to lease commercial space in Carnegie?
Asking lease rates in Carnegie, PA average $12.24 per square foot per year.
What zoning applies to commercial property in Carnegie?
Carnegie, PA zones 1,040 acres across 11 districts, of which 12.9% is commercial and 7.3% industrial. The largest single district is Two Family Residential at 34.9% of zoned land. Residential zoning covers 69% and open space 0%.
Where does Realmo's Carnegie market data come from?
Realmo compiles Carnegie, PA figures from 8 recent recorded sales, 19 active sale listings, 10 active lease listings, 826 tracked off-market properties, the current Carnegie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 10 active for-lease listings in Carnegie, 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.
- Zoning and land use
- The current municipal zoning release: 1,040 zoned acres across 11 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
