Commercial Real Estate Market in Greencastle, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
20 active listings and 443 off-market properties in Greencastle, PA.
Market Trends
Greencastle, PA spans 81.8 square miles in Franklin County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Greencastle, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Greencastle, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Greencastle, 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%.
Multifamily
Across Franklin County, multifamily space asks $137/SF to buy. Multifamily vacancy in Greencastle, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 66.3%
- Commercial 18.1%
- Civic 6.2%
- Mixed use 5.5%
- Industrial 3.8%
Largest Zones share of zoned land by district
Greencastle, PA zones 1,008 acres across 9 districts. Commercial zoning covers 18.1% of zoned land, residential 66.3% and industrial 3.8%. The largest single district is Residential at 38.6%. For commercial buyers the practical constraint is that only 21.9% of land carries a commercial or industrial designation.
Any permitted use as listed in the (CC-II) Community Commercial-II District subject to the (HC) Highway Commercial lot size requirements of Article IV . (2) Hotels and motels. (3) Shopping centers in accordance with the following: (a) Access. There shall be a minimum of two separate points of ingress and egress and no access points shall be located within 70…
Market overview
Demographics & Economy
Greencastle, PA has 20,199 residents in 8,132 households. Density runs 247 people per square mile. Median household income here is $87,245 and median gross rent $969 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Greencastle?
What zoning applies to commercial property in Greencastle?
Where does Realmo's Greencastle market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 9 active for-lease listings in Greencastle, PA. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 1,008 zoned acres across 9 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
