Commercial Real Estate Market in Merion Station, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 20 off-market properties in Merion Station, PA. Commercial property asks $1,010/SF to buy and $24.00/SF/Yr to lease.
Market Trends
Merion Station, PA spans 1.3 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Merion Station, 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 Merion Station, 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 Merion Station, 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 Merion Station, 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
Merion Station, PA has 6,107 residents in 1,866 households. Density runs 4,582 people per square mile. Median household income here is $243,500 and median gross rent $2,319 a month.
6,107
Population
1,866
Households
3.3
Avg Household Size
38
Median Age
84%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
4,582
Density / Sq Mi
$243,500
Median Household Income
$91,685
Median Earnings
$2,319
Median Rent
$871,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millbourne | $199 (county avg) | — |
| Upper Darby | $199 (county avg) | $20.61 |
| East Lansdowne | $199 (county avg) | — |
Commercial property in Merion Station, PA asks $1,010/SF. The 3 bordering markets run from $199/SF in Millbourne to $199/SF in Millbourne, and the city sits above their $199/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Merion Station?
Commercial property in Merion Station, PA asks an average of $1,010 per square foot. Multifamily carries the highest asking price at $202/SF.
How much does it cost to lease commercial space in Merion Station?
Asking lease rates in Merion Station, PA average $24.00 per square foot per year.
How does Merion Station compare to nearby markets on price?
Merion Station, PA asks $1,010/SF against $199/SF in Millbourne, $199/SF in Upper Darby and $199/SF in East Lansdowne. Millbourne is the cheapest entry point at 80% below Merion Station pricing.
Where does Realmo's Merion Station market data come from?
Realmo compiles Merion Station, PA figures from 4 active sale listings, 2 active lease listings, 20 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 4 active for-sale and 2 active for-lease listings in Merion Station, 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
