Commercial Real Estate Market in East Norriton, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
293 active listings and 2,576 off-market properties in East Norriton, PA. Commercial property asks $152/SF to buy and $21.02/SF/Yr to lease.
Market Trends
East Norriton, PA spans 28.5 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in East Norriton, 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 East Norriton, 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 East Norriton, 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 East Norriton, PA asks $222/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
East Norriton, PA has 87,148 residents in 37,956 households. Density runs 3,056 people per square mile. Median household income here is $85,382 and median gross rent $1,516 a month.
87,148
Population
37,956
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
91%
High-School Grad
28.5 sq mi
ZIP Area
3,056
Density / Sq Mi
$85,382
Median Household Income
$48,969
Median Earnings
$1,516
Median Rent
$290,939
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.02/SF/Yr lease vs $152/SF buy → buying wins if held > 0.8 years.
At a 13.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bridgeport | — | — |
| Norristown | — | $21.02 |
| Blue Bell | — | $19.61 |
| Plymouth Meeting | — | $22.30 |
Commercial property in East Norriton, PA asks $152/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in East Norriton?
Commercial property in East Norriton, PA asks an average of $152 per square foot. The 4 most recent recorded sales traded at a median of $110/SF, so asking sits 39% above the achieved median. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in East Norriton?
Asking lease rates in East Norriton, PA average $21.02 per square foot per year.
Is it cheaper to lease or buy commercial space in East Norriton?
Buying beats leasing in East Norriton, PA if the property is held longer than 0.8 years, comparing $21.02/SF/Yr asking rent with $152/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's East Norriton market data come from?
Realmo compiles East Norriton, PA figures from 6 recent recorded sales, 146 active sale listings, 147 active lease listings, 2,576 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 146 active for-sale and 147 active for-lease listings in East Norriton, 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 · report a data issue
