Commercial Real Estate Market in Millersville, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 128 off-market properties in Millersville, PA. Commercial property asks $4,709/SF to buy and $11.75/SF/Yr to lease.
Market Trends
Millersville, PA spans 10.6 square miles in Lancaster County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millersville, 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 Millersville, 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 Millersville, 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 Millersville, PA asks $158/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 65.3%
- Civic 20.1%
- Special 5.2%
- Commercial 4.5%
- Open space 1.6%
- Industrial 1.1%
Largest Zones share of zoned land by district
Low Density Residential
Residential University
Medium Density Residential
High Density Residential
Traditional Neighborhood District
Millersville, PA zones 1,239 acres across 11 districts. Commercial zoning covers 4.5% of zoned land, residential 65.3%, open space 1.6% and industrial 1.1%. The largest single district is Low Density Residential at 52.8%. For commercial buyers the practical constraint is that only 5.7% of land carries a commercial or industrial designation.
Low Density Residential (R1)
R1 Low-Density Residential District: to provide for low-density residential neighborhoods that are primarily composed of single-family detached dwellings; to protect these areas from incompatible uses; to encourage owner-occupancy and neighborhood stability; to promote traditional patterns of development, extending the best features of older development into…
Market overview
Demographics & Economy
Millersville, PA has 11,056 residents in 3,891 households. Density runs 1,042 people per square mile. Median household income here is $69,729 and median gross rent $1,412 a month.
11,056
Population
3,891
Households
2.8
Avg Household Size
29
Median Age
40%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
1,042
Density / Sq Mi
$69,729
Median Household Income
$16,975
Median Earnings
$1,412
Median Rent
$273,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Slackwater | — | — |
| Bausman | — | — |
| Letort | — | — |
| Lancaster | — | $20.15 |
Commercial property in Millersville, PA asks $4,709/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millersville?
Commercial property in Millersville, PA asks an average of $4,709 per square foot. The 7 most recent recorded sales traded at a median of $95/SF, so asking sits 4862% above the achieved median. Multifamily carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Millersville?
Asking lease rates in Millersville, PA average $11.75 per square foot per year.
What zoning applies to commercial property in Millersville?
Millersville, PA zones 1,239 acres across 11 districts, of which 4.5% is commercial and 1.1% industrial. The largest single district is Low Density Residential at 52.8% of zoned land. R1 Low-Density Residential District: to provide for low-density residential neighborhoods that are primarily composed of single-family detached dwellings; to protect these areas from incompatible uses; to encourage owner-occupancy and neighborhood stability; to promote traditional patterns of development, extending the best features of older development into… Residential zoning covers 65.3% and open space 1.6%.
Where does Realmo's Millersville market data come from?
Realmo compiles Millersville, PA figures from 7 recent recorded sales, 10 active sale listings, 9 active lease listings, 128 tracked off-market properties, the current Millersville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 9 active for-lease listings in Millersville, 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: 1,239 zoned acres across 11 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
