Commercial Real Estate Market in Luzerne, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 175 off-market properties in Luzerne, PA.
Market Trends
Luzerne, PA spans 0.8 square miles in Luzerne County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Luzerne, PA asks $45/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Luzerne, PA asks $101/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Luzerne, 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 Luzerne, PA asks $100/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 51.8%
- Commercial 45.9%
- Industrial 2.2%
Largest Zones share of zoned land by district
One Family Residential
Conservation And Open Space
Community Business
Highway Business
Two Family Residential
Luzerne, PA zones 454 acres across 7 districts. Commercial zoning covers 45.9% of zoned land, residential 51.8% and industrial 2.2%. The largest single district is One Family Residential at 39.3%. For commercial buyers the practical constraint is that only 48.2% of land carries a commercial or industrial designation.
Conservation And Open Space (C-OP)
C-OP District - Twenty-Five (25) square feet In an integrated grouping of commercial or industrial uses classified as a "Land Development," in addition to permitting each individual use to display signage, a pylon sign shall be permitted which identifies uses located on the same parcel or in the same development on which the sign is located. Only one (1) suc…
Market overview
Demographics & Economy
Luzerne, PA has 2,779 residents in 1,648 households. Density runs 3,656 people per square mile. Median household income here is $38,547 and median gross rent $780 a month.
2,779
Population
1,648
Households
1.7
Avg Household Size
46
Median Age
14%
College-Educated
88%
High-School Grad
0.8 sq mi
ZIP Area
3,656
Density / Sq Mi
$38,547
Median Household Income
$34,959
Median Earnings
$780
Median Rent
$113,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pringle | — | — |
| Courtdale | — | — |
| Forty Fort | — | — |
| Edwardsville | — | — |
Commercial property in Luzerne, PA asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Luzerne?
Commercial property in Luzerne, PA asks an average of $9 per square foot. Retail carries the highest asking price at $101/SF.
What zoning applies to commercial property in Luzerne?
Luzerne, PA zones 454 acres across 7 districts, of which 45.9% is commercial and 2.2% industrial. The largest single district is One Family Residential at 39.3% of zoned land. Residential zoning covers 51.8% and open space 0%.
Where does Realmo's Luzerne market data come from?
Realmo compiles Luzerne, PA figures from 4 recent recorded sales, 2 active sale listings, 1 active lease listings, 175 tracked off-market properties, the current Luzerne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Luzerne, 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: 454 zoned acres across 7 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
