Commercial Real Estate Market in Melrose Park, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
29 active listings and 279 off-market properties in Melrose Park, PA. Commercial property asks $161/SF to buy (based on 9 listings) and $18.95/SF/Yr to lease (based on 3 listings).
Market Trends
Melrose Park, PA spans 3.9 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Melrose Park, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Melrose Park, 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 Melrose Park, 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 Montgomery County, multifamily space asks $195/SF to buy. Multifamily vacancy in Melrose Park, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Melrose Park, PA has 19,170 residents in 8,550 households. Density runs 4,874 people per square mile. Median household income here is $105,190 and median gross rent $1,439 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Jenkintown | $178 | $24.00 |
| Ogontz Campus | $183 | $19.95 |
| Willow Grove | $153 | $18.00 |
Commercial property in Melrose Park, PA asks $161/SF. The 3 bordering markets run from $153/SF in Willow Grove to $183/SF in Ogontz Campus, and the city sits below their $178/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Melrose Park?
How much does it cost to lease commercial space in Melrose Park?
How does Melrose Park compare to nearby markets on price?
Where does Realmo's Melrose Park market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 10 active for-lease listings in Melrose Park, PA. The medians are based on 9 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
