Commercial Real Estate Market in Melrose Park, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 279 off-market properties in Melrose Park, PA. Commercial property asks $147/SF to buy and $17.99/SF/Yr to lease.
Market Trends
Melrose Park, PA spans 3.9 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Melrose Park, 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 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%.
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Melrose Park, PA asks $202/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
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.
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,874
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cheltenham | — | — |
| Jenkintown | — | — |
| Wyncote | — | — |
| Rockledge | — | — |
Commercial property in Melrose Park, PA asks $147/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Melrose Park?
Commercial property in Melrose Park, PA asks an average of $147 per square foot. The 7 most recent recorded sales traded at a median of $158/SF. Multifamily carries the highest asking price at $202/SF.
How much does it cost to lease commercial space in Melrose Park?
Asking lease rates in Melrose Park, PA average $17.99 per square foot per year.
Where does Realmo's Melrose Park market data come from?
Realmo compiles Melrose Park, PA figures from 8 recent recorded sales, 25 active sale listings, 11 active lease listings, 279 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 11 active for-lease listings in Melrose Park, 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.
- 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
