Commercial Real Estate Market in Lebanon, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
74 active listings and 1,674 off-market properties in Lebanon, PA.
Market Trends
Lebanon, PA spans 106.6 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lebanon, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Lebanon, 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 Lebanon, 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
Across Lebanon County, multifamily space asks $116/SF to buy. Multifamily vacancy in Lebanon, 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 51.7%
- Industrial 17.4%
- Civic 13%
- Open space 9.2%
- Commercial 8.8%
Largest Zones share of zoned land by district
Lebanon, PA zones 2,638 acres across 11 districts. Commercial zoning covers 8.8% of zoned land, residential 51.7%, open space 9.2% and industrial 17.4%. The largest single district is Residential Medium Density at 19.4%. For commercial buyers the practical constraint is that only 26.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lebanon, PA has 71,890 residents in 30,637 households. Density runs 674 people per square mile. Median household income here is $69,106 and median gross rent $1,070 a month.
Tools
Nearby Markets
Commercial property in Lebanon, PA asks $111/SF. The 2 bordering markets run from $103/SF in Jonestown to $104/SF in Myerstown, and the city sits above their $103/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lebanon?
How does Lebanon compare to nearby markets on price?
What zoning applies to commercial property in Lebanon?
Where does Realmo's Lebanon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 48 active for-sale and 26 active for-lease listings in Lebanon, PA. The sale median is based on 24 of the for-sale listings that 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.
- 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: 2,638 zoned acres across 11 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
