Commercial Real Estate Market in Hershey, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
28 active listings and 415 off-market properties in Hershey, PA. Commercial property asks $82/SF to buy and $20.33/SF/Yr to lease.
Market Trends
Hershey, PA spans 27.4 square miles in Dauphin County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hershey, 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 Hershey, 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 Hershey, 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 Hershey, PA asks $108/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
Market overview
Demographics & Economy
Hershey, PA has 16,414 residents in 6,733 households. Density runs 599 people per square mile. Median household income here is $75,093 and median gross rent $1,311 a month.
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hummelstown | — | — |
| Palmyra | — | — |
| Middletown | — | — |
Commercial property in Hershey, PA asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hershey?
Commercial property in Hershey, PA asks an average of $82 per square foot. The 5 most recent recorded sales traded at a median of $393/SF. Multifamily carries the highest asking price at $108/SF.
How much does it cost to lease commercial space in Hershey?
Asking lease rates in Hershey, PA average $20.33 per square foot per year.
Where does Realmo's Hershey market data come from?
Realmo compiles Hershey, PA figures from 7 recent recorded sales, 14 active sale listings, 14 active lease listings, 415 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 14 active for-lease listings in Hershey, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
