Commercial Real Estate Market in Mercer, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 311 off-market properties in Mercer, PA.
Market Trends
Mercer, PA spans 108.5 square miles in Mercer County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mercer, 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 Mercer, 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 Mercer, 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 vacancy in Mercer, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.7%
- Mixed use 23%
- Industrial 21.4%
Largest Zones share of zoned land by district
Residential General
Industrial
Residential Mixed Use
Commercial General
Residential Single Family
Mercer, PA zones 788 acres across 7 districts. The largest single district is Residential General at 47.8%. For commercial buyers the practical constraint is that only 21.4% of land carries a commercial or industrial designation.
Residential General (R-2)
The purpose of this zoning district is to provide Residential uses (single and multiple family) designed to match the style of the existing, older neighborhoods in the borough smaller lots and setbacks (new uses conforming to an average block setback) with orientation to the sidewalk and street
Market overview
Demographics & Economy
Mercer, PA has 12,654 residents in 4,966 households. Density runs 117 people per square mile. Median household income here is $69,975 and median gross rent $635 a month.
12,654
Population
4,966
Households
2.5
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
108.5 sq mi
ZIP Area
117
Density / Sq Mi
$69,975
Median Household Income
$36,416
Median Earnings
$635
Median Rent
$176,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jackson Center | — | — |
| Fredonia | — | — |
| New Wilmington | — | — |
| Grove City | — | — |
Commercial property in Mercer, PA asks $207/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mercer?
Commercial property in Mercer, PA asks an average of $207 per square foot.
What zoning applies to commercial property in Mercer?
Mercer, PA zones 788 acres across 7 districts, of which 0% is commercial and 21.4% industrial. The largest single district is Residential General at 47.8% of zoned land. The purpose of this zoning district is to provide Residential uses (single and multiple family) designed to match the style of the existing, older neighborhoods in the borough smaller lots and setbacks (new uses conforming to an average block setback) with orientation to the sidewalk and street Residential zoning covers 55.7% and open space 0%.
Where does Realmo's Mercer market data come from?
Realmo compiles Mercer, PA figures from 7 recent recorded sales, 20 active sale listings, 2 active lease listings, 311 tracked off-market properties, the current Mercer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 2 active for-lease listings in Mercer, 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: 788 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
