Commercial Real Estate Market in Devon, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 99 off-market properties in Devon, PA. Commercial property asks $1,484/SF to buy and $53.17/SF/Yr to lease.
Market Trends
Devon, PA spans 3.7 square miles in Chester County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Devon, 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 Devon, 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 Devon, 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 Devon, PA asks $193/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
Devon, PA has 7,734 residents in 3,039 households. Density runs 2,093 people per square mile. Median household income here is $157,083 and median gross rent $1,833 a month.
7,734
Population
3,039
Households
2.5
Avg Household Size
41
Median Age
83%
College-Educated
99%
High-School Grad
3.7 sq mi
ZIP Area
2,093
Density / Sq Mi
$157,083
Median Household Income
$94,262
Median Earnings
$1,833
Median Rent
$688,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wayne | $199 (county avg) | $35.90 |
| Newtown Square | $199 (county avg) | $22.04 |
Commercial property in Devon, PA asks $1,484/SF. The 2 bordering markets run from $199/SF in Wayne to $199/SF in Wayne, and the city sits above their $199/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Devon?
Commercial property in Devon, PA asks an average of $1,484 per square foot. The 5 most recent recorded sales traded at a median of $207/SF, so asking sits 616% above the achieved median. Multifamily carries the highest asking price at $193/SF.
How much does it cost to lease commercial space in Devon?
Asking lease rates in Devon, PA average $53.17 per square foot per year.
How does Devon compare to nearby markets on price?
Devon, PA asks $1,484/SF against $199/SF in Wayne and $199/SF in Newtown Square. Wayne is the cheapest entry point at 87% below Devon pricing, with $35.90/SF/Yr asking rents.
Where does Realmo's Devon market data come from?
Realmo compiles Devon, PA figures from 5 recent recorded sales, 6 active sale listings, 3 active lease listings, 99 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 6 active for-sale and 3 active for-lease listings in Devon, 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 · report a data issue
