Commercial Real Estate Market in Elizabethtown, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 476 off-market properties in Elizabethtown, PA. Commercial property asks $19/SF to buy and $11.46/SF/Yr to lease.
Market Trends
Elizabethtown, PA spans 55.0 square miles in Lancaster County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elizabethtown, 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 Elizabethtown, 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 Elizabethtown, 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 Elizabethtown, PA asks $158/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 49.1%
- Civic 19.2%
- Commercial 16.1%
- Mixed use 6%
- Open space 5.1%
- Industrial 4.5%
Largest Zones share of zoned land by district
Residential
Institutional
Residential
Residential
Mixed Use
Elizabethtown, PA zones 1,702 acres across 10 districts. Commercial zoning covers 16.1% of zoned land, residential 49.1%, open space 5.1% and industrial 4.5%. The largest single district is Residential at 38.8%. For commercial buyers the practical constraint is that only 20.6% of land carries a commercial or industrial designation.
Institutional (ING)
The purpose of the Institutional District is to establish and accommodate institutional development that will serve and benefit community organizations and needs or entities of an institutional nature, such as educational, recreational and religious uses.
Market overview
Demographics & Economy
Elizabethtown, PA has 31,163 residents in 12,950 households. Density runs 567 people per square mile. Median household income here is $79,075 and median gross rent $1,381 a month.
31,163
Population
12,950
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
55 sq mi
ZIP Area
567
Density / Sq Mi
$79,075
Median Household Income
$42,844
Median Earnings
$1,381
Median Rent
$272,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rheems | — | — |
| Maytown | — | — |
| Lawn | — | — |
| Mount Joy | — | — |
Commercial property in Elizabethtown, PA asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elizabethtown?
Commercial property in Elizabethtown, PA asks an average of $19 per square foot. The 7 most recent recorded sales traded at a median of $106/SF. Multifamily carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Elizabethtown?
Asking lease rates in Elizabethtown, PA average $11.46 per square foot per year.
What zoning applies to commercial property in Elizabethtown?
Elizabethtown, PA zones 1,702 acres across 10 districts, of which 16.1% is commercial and 4.5% industrial. The largest single district is Residential at 38.8% of zoned land. Residential zoning covers 49.1% and open space 5.1%.
Where does Realmo's Elizabethtown market data come from?
Realmo compiles Elizabethtown, PA figures from 7 recent recorded sales, 21 active sale listings, 11 active lease listings, 476 tracked off-market properties, the current Elizabethtown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 11 active for-lease listings in Elizabethtown, 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: 1,702 zoned acres across 10 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
