Commercial Real Estate Market in Kennett Square, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 464 off-market properties in Kennett Square, PA. Commercial property asks $191/SF to buy and $17.47/SF/Yr to lease.
Market Trends
Kennett Square, PA spans 36.8 square miles in Chester County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kennett Square, 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 Kennett Square, 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 Kennett Square, 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 Kennett Square, PA asks $222/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
Kennett Square, PA has 22,606 residents in 9,222 households. Density runs 614 people per square mile. Median household income here is $118,367 and median gross rent $1,588 a month.
22,606
Population
9,222
Households
2.5
Avg Household Size
43
Median Age
57%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
614
Density / Sq Mi
$118,367
Median Household Income
$55,391
Median Earnings
$1,588
Median Rent
$518,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.47/SF/Yr lease vs $191/SF buy → buying wins if held > 1.7 years.
At a 9.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kennett Sq | — | — |
| Toughkenamon | — | — |
| Avondale | — | — |
| Unionville | — | — |
Commercial property in Kennett Square, PA asks $191/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kennett Square?
Commercial property in Kennett Square, PA asks an average of $191 per square foot. The 8 most recent recorded sales traded at a median of $107/SF, so asking sits 78% above the achieved median. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in Kennett Square?
Asking lease rates in Kennett Square, PA average $17.47 per square foot per year.
Is it cheaper to lease or buy commercial space in Kennett Square?
Buying beats leasing in Kennett Square, PA if the property is held longer than 1.7 years, comparing $17.47/SF/Yr asking rent with $191/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Kennett Square market data come from?
Realmo compiles Kennett Square, PA figures from 8 recent recorded sales, 29 active sale listings, 33 active lease listings, 464 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 33 active for-lease listings in Kennett Square, 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 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
