Commercial Real Estate Market in Erie, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
433 active listings and 6,678 off-market properties in Erie, PA. Commercial property asks $10/SF to buy and $14.33/SF/Yr to lease.
Market Trends
Erie, PA spans 117.6 square miles in Erie County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Erie, PA asks $10.20/SF/Yr to lease and $80/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Erie, PA asks $112/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Erie, 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 Erie, PA asks $81/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 61.2%
- Industrial 27%
- Commercial 11.8%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Heavy Manufacturing
Traditional Single Family Development
Residential Limited Business
Erie, PA zones 12,688 acres across 17 districts. Commercial zoning covers 11.8% of zoned land, residential 61.2% and industrial 27%. The largest single district is Low Density Residential at 32.3%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
R-1 District existing before the effective date of this Ordinance and having a lot width of less than 41 feet in width may reduce the side yard requirements to a total of 10 feet, with a minimum side yard of at least three feet. 205.2. In any appropriate district where a structure exists on the applicant's lot or any adjacent lot, the required depth of front…
Market overview
Demographics & Economy
Erie, PA has 180,594 residents in 81,066 households. Density runs 1,535 people per square mile. Median household income here is $58,937 and median gross rent $936 a month.
180,594
Population
81,066
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
117.6 sq mi
ZIP Area
1,535
Density / Sq Mi
$58,937
Median Household Income
$36,888
Median Earnings
$936
Median Rent
$151,469
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mckean | — | — |
| Mc Kean | — | — |
| Fairview | — | — |
| Wesleyville | — | — |
Commercial property in Erie, PA asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Erie?
Commercial property in Erie, PA asks an average of $10 per square foot. The 8 most recent recorded sales traded at a median of $77/SF. Retail carries the highest asking price at $112/SF.
How much does it cost to lease commercial space in Erie?
Asking lease rates in Erie, PA average $14.33 per square foot per year. Office asks $10.20/SF/Yr as of Q1 26, down from $10.75/SF/Yr in Q4 25.
What zoning applies to commercial property in Erie?
Erie, PA zones 12,688 acres across 17 districts, of which 11.8% is commercial and 27% industrial. The largest single district is Low Density Residential at 32.3% of zoned land. R-1 District existing before the effective date of this Ordinance and having a lot width of less than 41 feet in width may reduce the side yard requirements to a total of 10 feet, with a minimum side yard of at least three feet. 205.2. In any appropriate district where a structure exists on the applicant's lot or any adjacent lot, the required depth of front… Residential zoning covers 61.2% and open space 0%.
Where does Realmo's Erie market data come from?
Realmo compiles Erie, PA figures from 8 recent recorded sales, 267 active sale listings, 166 active lease listings, 6,678 tracked off-market properties, the current Erie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 267 active for-sale and 166 active for-lease listings in Erie, 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: 12,688 zoned acres across 17 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
