Commercial Real Estate Market in Farrell, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 185 off-market properties in Farrell, PA.
Market Trends
Farrell, PA spans 2.3 square miles in Mercer County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farrell, 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 Farrell, 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 Farrell, 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 vacancy in Farrell, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 58.5%
- Industrial 41.5%
Largest Zones share of zoned land by district
Residential District
Industrial District
Residential District
Manufacturing Commercial
Special District
Farrell, PA zones 1,454 acres across 7 districts. Commercial zoning covers 58.5% of zoned land, industrial 41.5%. The largest single district is Residential District at 38.4%. For commercial buyers the practical constraint is that only 100% of land carries a commercial or industrial designation.
Residential District (R-1)
These districts are intended to provide for single family detached dwellings and related uses as well as health care and related institutions or businesses and compatible uses
Market overview
Demographics & Economy
Farrell, PA has 4,258 residents in 2,273 households. Density runs 1,870 people per square mile. Median household income here is $39,412 and median gross rent $879 a month.
4,258
Population
2,273
Households
1.9
Avg Household Size
45
Median Age
13%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
1,870
Density / Sq Mi
$39,412
Median Household Income
$33,046
Median Earnings
$879
Median Rent
$76,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hermitage | — | — |
| Sharon | — | — |
| Masury | — | — |
| West Middlesex | — | — |
Commercial property in Farrell, PA asks $78/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farrell?
Commercial property in Farrell, PA asks an average of $78 per square foot.
What zoning applies to commercial property in Farrell?
Farrell, PA zones 1,454 acres across 7 districts, of which 58.5% is commercial and 41.5% industrial. The largest single district is Residential District at 38.4% of zoned land. These districts are intended to provide for single family detached dwellings and related uses as well as health care and related institutions or businesses and compatible uses Residential zoning covers 0% and open space 0%.
Where does Realmo's Farrell market data come from?
Realmo compiles Farrell, PA figures from 5 recent recorded sales, 9 active sale listings, 2 active lease listings, 185 tracked off-market properties, the current Farrell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 2 active for-lease listings in Farrell, 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: 1,454 zoned acres across 7 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
