Commercial Real Estate Market in Gray, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Gray, PA spans 0.5 square miles in Somerset County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gray, 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 Gray, 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 Gray, 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 Gray, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Gray, PA has 235 residents in 135 households. Density runs 453 people per square mile. Median household income here is $86,940.
235
Population
135
Households
1.7
Avg Household Size
45
Median Age
20%
College-Educated
100%
High-School Grad
0.5 sq mi
ZIP Area
453
Density / Sq Mi
$86,940
Median Household Income
$29,659
Median Earnings
$0
Median Rent
$114,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Acosta | — | — |
| Sipesville | — | — |
| Jenners | — | — |
| Jennerstown | — | — |
Methodology & data sources
- 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 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
