Commercial Real Estate Market in Hermitage, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 571 off-market properties in Hermitage, PA.
Market Trends
Hermitage, PA spans 31.5 square miles in Mercer County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hermitage, 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 Hermitage, 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 Hermitage, 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 Hermitage, 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
- Residential 79.6%
- Industrial 10.5%
- Commercial 4.9%
- Civic 3.4%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Rural Residential
Suburban Residential 2
Suburban Residential 1
Heavy Industrial
Light Industrial
Hermitage, PA zones 19,342 acres across 15 districts. Commercial zoning covers 4.9% of zoned land, residential 79.6% and industrial 10.5%. The largest single district is Rural Residential at 43.5%. For commercial buyers the practical constraint is that only 15.5% of land carries a commercial or industrial designation.
Rural Residential (RR)
Residential Zoning District whereby the intent of the RR District will not be preserved. K. At least 50% of the products for display and sale shall be grown, prepared, or produced on the subject property. All food and/or beverages sold for consumption on site shall comply with federal, state and local regulations. Food and/or beverages should be limited to o…
Market overview
Demographics & Economy
Hermitage, PA has 16,673 residents in 8,182 households. Density runs 529 people per square mile. Median household income here is $72,680 and median gross rent $868 a month.
16,673
Population
8,182
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
92%
High-School Grad
31.5 sq mi
ZIP Area
529
Density / Sq Mi
$72,680
Median Household Income
$49,494
Median Earnings
$868
Median Rent
$186,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farrell | — | — |
| Sharon | — | — |
| Masury | — | — |
| West Middlesex | — | — |
Commercial property in Hermitage, PA asks $120/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hermitage?
Commercial property in Hermitage, PA asks an average of $120 per square foot.
What zoning applies to commercial property in Hermitage?
Hermitage, PA zones 19,342 acres across 15 districts, of which 4.9% is commercial and 10.5% industrial. The largest single district is Rural Residential at 43.5% of zoned land. Residential Zoning District whereby the intent of the RR District will not be preserved. K. At least 50% of the products for display and sale shall be grown, prepared, or produced on the subject property. All food and/or beverages sold for consumption on site shall comply with federal, state and local regulations. Food and/or beverages should be limited to o… Residential zoning covers 79.6% and open space 0%.
Where does Realmo's Hermitage market data come from?
Realmo compiles Hermitage, PA figures from 6 recent recorded sales, 19 active sale listings, 8 active lease listings, 571 tracked off-market properties, the current Hermitage zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 8 active for-lease listings in Hermitage, 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: 19,342 zoned acres across 15 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
