Commercial Real Estate Market in Narberth, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 112 off-market properties in Narberth, PA.
Market Trends
Narberth, PA spans 3.2 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Narberth, 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 Narberth, 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 Narberth, 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 Narberth, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 73.8%
- Mixed use 14.2%
- Civic 6.9%
- Commercial 5.1%
Largest Zones share of zoned land by district
Mixed Residential Limited
Neighborhood Residential
Downtown
Mixed Residential Open
General Urban Limited
Narberth, PA zones 318 acres across 7 districts. Commercial zoning covers 5.1% of zoned land, residential 73.8%. The largest single district is Mixed Residential Limited at 49.5%. For commercial buyers the practical constraint is that only 5.1% of land carries a commercial or industrial designation.
Mixed Residential Limited (T3B)
This district covers the largest portion of residences and neighborhoods of Narberth. A number of different housing types are permitted in this district, including twins and multifamily house building types. Neighborhoods shall be connected via sidewalks to the rest of the Borough to allow easy and safe pedestrian access.
Market overview
Demographics & Economy
Narberth, PA has 10,008 residents in 4,400 households. Density runs 3,150 people per square mile. Median household income here is $175,833 and median gross rent $1,956 a month.
10,008
Population
4,400
Households
2.3
Avg Household Size
45
Median Age
82%
College-Educated
100%
High-School Grad
3.2 sq mi
ZIP Area
3,150
Density / Sq Mi
$175,833
Median Household Income
$86,133
Median Earnings
$1,956
Median Rent
$776,500
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 |
Commercial property in Narberth, PA asks $1,361/SF. The 2 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 Narberth?
Commercial property in Narberth, PA asks an average of $1,361 per square foot. The 6 most recent recorded sales traded at a median of $234/SF, so asking sits 481% above the achieved median. Multifamily carries the highest asking price at $202/SF.
How does Narberth compare to nearby markets on price?
Narberth, PA asks $1,361/SF against $199/SF in Millbourne and $199/SF in Upper Darby. Millbourne is the cheapest entry point at 85% below Narberth pricing.
What zoning applies to commercial property in Narberth?
Narberth, PA zones 318 acres across 7 districts, of which 5.1% is commercial and 0% industrial. The largest single district is Mixed Residential Limited at 49.5% of zoned land. This district covers the largest portion of residences and neighborhoods of Narberth. A number of different housing types are permitted in this district, including twins and multifamily house building types. Neighborhoods shall be connected via sidewalks to the rest of the Borough to allow easy and safe pedestrian access. Residential zoning covers 73.8% and open space 0%.
Where does Realmo's Narberth market data come from?
Realmo compiles Narberth, PA figures from 6 recent recorded sales, 4 active sale listings, 4 active lease listings, 112 tracked off-market properties, the current Narberth zoning release. 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 4 active for-lease listings in Narberth, 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: 318 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, 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
