Commercial Real Estate Market in Lebanon, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
96 active listings and 1,674 off-market properties in Lebanon, PA. Commercial property asks $41/SF to buy and $11.02/SF/Yr to lease.
Market Trends
Lebanon, PA spans 106.6 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Lebanon, PA asks $129/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
- Residential 51.7%
- Industrial 17.4%
- Civic 13%
- Open space 9.2%
- Commercial 8.8%
Largest Zones share of zoned land by district
Residential Medium Density
Residential High Density
Light Industrial Commercial
Residential Low Density
Office And Institutional
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.
71,890
Population
30,637
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
86%
High-School Grad
106.6 sq mi
ZIP Area
674
Density / Sq Mi
$69,106
Median Household Income
$41,876
Median Earnings
$1,070
Median Rent
$204,061
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cleona | — | — |
| Cornwall | — | — |
| Annville | — | — |
| Reistville | — | — |
Commercial property in Lebanon, PA asks $41/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, PA asks an average of $41 per square foot. The 5 most recent recorded sales traded at a median of $125/SF. Multifamily carries the highest asking price at $129/SF.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, PA average $11.02 per square foot per year.
What zoning applies to commercial property in Lebanon?
Lebanon, PA zones 2,638 acres across 11 districts, of which 8.8% is commercial and 17.4% industrial. The largest single district is Residential Medium Density at 19.4% of zoned land. Residential zoning covers 51.7% and open space 9.2%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, PA figures from 5 recent recorded sales, 73 active sale listings, 23 active lease listings, 1,674 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 23 active for-lease listings in Lebanon, 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: 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 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
