Commercial Real Estate Market in Mill Run, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
27 active listings and 490 off-market properties in Mill Run, PA. Commercial property asks $177/SF to buy and $14.39/SF/Yr to lease.
Market Trends
Mill Run, PA spans 45.4 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mill Run, 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 Mill Run, 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 Mill Run, 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 Mill Run, PA asks $222/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
Mill Run, PA has 1,378 residents in 785 households. Density runs 30 people per square mile. Median household income here is $47,188 and median gross rent $993 a month.
1,378
Population
785
Households
1.8
Avg Household Size
44
Median Age
11%
College-Educated
84%
High-School Grad
45.4 sq mi
ZIP Area
30
Density / Sq Mi
$47,188
Median Household Income
$29,333
Median Earnings
$993
Median Rent
$115,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Mill Run?
Commercial property in Mill Run, PA asks an average of $177 per square foot. The 7 most recent recorded sales traded at a median of $229/SF. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in Mill Run?
Asking lease rates in Mill Run, PA average $14.39 per square foot per year.
Where does Realmo's Mill Run market data come from?
Realmo compiles Mill Run, PA figures from 8 recent recorded sales, 17 active sale listings, 10 active lease listings, 490 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 10 active for-lease listings in Mill Run, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
