Commercial Real Estate Market in Cornwall Borough, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
94 active listings and 1,674 off-market properties in Cornwall Borough, PA. Commercial property asks $43/SF to buy and $11.02/SF/Yr to lease.
Market Trends
Cornwall Borough, PA spans 67.7 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Cornwall Borough, 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 Cornwall Borough, 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 Cornwall Borough, 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 Cornwall Borough, PA asks $116/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
Cornwall Borough, 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
Commercial property in Cornwall Borough, PA asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cornwall Borough?
Commercial property in Cornwall Borough, PA asks an average of $43 per square foot. The 5 most recent recorded sales traded at a median of $125/SF. Multifamily carries the highest asking price at $116/SF.
How much does it cost to lease commercial space in Cornwall Borough?
Asking lease rates in Cornwall Borough, PA average $11.02 per square foot per year.
Where does Realmo's Cornwall Borough market data come from?
Realmo compiles Cornwall Borough, PA figures from 5 recent recorded sales, 67 active sale listings, 27 active lease listings, 1,674 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 67 active for-sale and 27 active for-lease listings in Cornwall Borough, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
