Commercial Real Estate Market in Jermyn, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 27 off-market properties in Jermyn, PA.
Market Trends
Jermyn, PA spans 28.8 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Jermyn, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Jermyn, 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 Jermyn, 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
Multifamily vacancy in Jermyn, 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 62.7%
- Industrial 18.9%
- Open space 12.6%
- Civic 5.8%
Largest Zones share of zoned land by district
Jermyn, PA zones 508 acres across 6 districts. The largest single district is Medium Density Residential at 34.3%. For commercial buyers the practical constraint is that only 18.9% of land carries a commercial or industrial designation.
The intent of the zone is to multi family units to the community
Market overview
Demographics & Economy
Jermyn, PA has 6,416 residents in 3,390 households. Density runs 223 people per square mile. Median household income here is $76,847 and median gross rent $929 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Mayfield | $58 | — |
| Archbald | $106 (county avg) | — |
| Scranton | $102 | $14.04 |
| Carbondale | $84 | $13.50 |
Across Lackawanna County, commercial property asks $106/SF. The 3 bordering markets run from $58/SF in Mayfield to $102/SF in Scranton, and Lackawanna County sits above their $84/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Jermyn?
How does Jermyn compare to nearby markets on price?
What zoning applies to commercial property in Jermyn?
Where does Realmo's Jermyn market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Jermyn, PA. The sale figure is the Lackawanna County average, as too few listings here 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 508 zoned acres across 6 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
