Commercial Real Estate Market in Cleona, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 47 off-market properties in Cleona, PA. Commercial property asks $116/SF to buy and $7.25/SF/Yr to lease.
Market Trends
Cleona, PA spans 67.7 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cleona, 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 Cleona, 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 Cleona, 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 Cleona, PA asks $129/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 86.7%
- Industrial 13.3%
Largest Zones share of zoned land by district
Residential
Agricultural
Commercial
Residential
Cleona, PA zones 539 acres across 4 districts. The largest single district is Residential at 44.8%. For commercial buyers the practical constraint is that only 13.3% of land carries a commercial or industrial designation.
Residential (R-1)
PART 6 R-1 RESIDENTIAL DISTRICT PART 7 R-2 RESIDENTIAL DISTRICT PART 8 C-M COMMERCIAL DISTRICTS PART 8A I INDUSTRIAL DISTRICTS PART 9 FLOODPLAIN DISTRICT PART 10 [RESERVED] PART 11 SUPPLEMENTARY DISTRICT REGULATIONS PART 12 SIGNS AND ADVERTISING STRUCTURES PART 13 OFF-STREET PARKING PART 14 NONCONFORMING LOTS, NONCONFORMING USES OF LAND, NONCONFORMING BUILDI…
Market overview
Demographics & Economy
Cleona, PA has 40,618 residents in 17,067 households. Density runs 600 people per square mile. Median household income here is $76,399 and median gross rent $1,096 a month.
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Annville | — | — |
| Lebanon | — | — |
| Bellegrove | — | — |
| Jonestown | — | — |
Commercial property in Cleona, PA asks $116/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cleona?
Commercial property in Cleona, PA asks an average of $116 per square foot. Multifamily carries the highest asking price at $129/SF.
How much does it cost to lease commercial space in Cleona?
Asking lease rates in Cleona, PA average $7.25 per square foot per year.
What zoning applies to commercial property in Cleona?
Cleona, PA zones 539 acres across 4 districts, of which 0% is commercial and 13.3% industrial. The largest single district is Residential at 44.8% of zoned land. PART 6 R-1 RESIDENTIAL DISTRICT PART 7 R-2 RESIDENTIAL DISTRICT PART 8 C-M COMMERCIAL DISTRICTS PART 8A I INDUSTRIAL DISTRICTS PART 9 FLOODPLAIN DISTRICT PART 10 [RESERVED] PART 11 SUPPLEMENTARY DISTRICT REGULATIONS PART 12 SIGNS AND ADVERTISING STRUCTURES PART 13 OFF-STREET PARKING PART 14 NONCONFORMING LOTS, NONCONFORMING USES OF LAND, NONCONFORMING BUILDI… Residential zoning covers 86.7% and open space 0%.
Where does Realmo's Cleona market data come from?
Realmo compiles Cleona, PA figures from 2 recent recorded sales, 2 active sale listings, 2 active lease listings, 47 tracked off-market properties, the current Cleona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 2 active for-lease listings in Cleona, 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: 539 zoned acres across 4 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
