Commercial Real Estate Market in Lancaster, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
493 active listings and 4,021 off-market properties in Lancaster, PA. Commercial property asks $120/SF to buy and $20.15/SF/Yr to lease.
Market Trends
Lancaster, PA spans 88.1 square miles in Lancaster County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lancaster, 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 Lancaster, 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 Lancaster, 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 Lancaster, PA asks $158/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 46.6%
- Industrial 18.5%
- Open space 12.5%
- Mixed use 9.9%
- Residential 9%
- Commercial 3.6%
Largest Zones share of zoned land by district
Residential Medium Density
Manufacturing Central City
Conservation Park Open Space
Residential Semi Detached
Mixed Use
Residential Semi Detached (R2)
R2 Districts may be waived. The applicant must also demonstrate to the Zoning Hearing Board's satisfaction that the granting of the special exception will not result in structural, safety or health hazards to abutting properties and must present evidence to the Board of full compliance with the following conditions: A. That a five-foot open distance will be…
Market overview
Demographics & Economy
Lancaster, PA has 176,297 residents in 70,961 households. Density runs 2,001 people per square mile. Median household income here is $81,663 and median gross rent $1,341 a month.
176,297
Population
70,961
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
88.1 sq mi
ZIP Area
2,001
Density / Sq Mi
$81,663
Median Household Income
$42,851
Median Earnings
$1,341
Median Rent
$271,626
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bausman | — | — |
| Roseville | — | — |
| Millersville | — | — |
| Slackwater | — | — |
Commercial property in Lancaster, PA asks $120/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lancaster?
Commercial property in Lancaster, PA asks an average of $120 per square foot. The 5 most recent recorded sales traded at a median of $204/SF. Multifamily carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Lancaster?
Asking lease rates in Lancaster, PA average $20.15 per square foot per year.
Where does Realmo's Lancaster market data come from?
Realmo compiles Lancaster, PA figures from 6 recent recorded sales, 218 active sale listings, 275 active lease listings, 4,021 tracked off-market properties, the current Lancaster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 218 active for-sale and 275 active for-lease listings in Lancaster, 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: 4,707 zoned acres across 16 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
