Commercial Real Estate Market in New Castle, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 1,757 off-market properties in New Castle, PA.
Market Trends
New Castle, PA spans 119.1 square miles in Lawrence County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Castle, 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 New Castle, 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 New Castle, 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 New Castle, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
New Castle, PA has 52,848 residents in 24,394 households. Density runs 444 people per square mile. Median household income here is $55,582 and median gross rent $807 a month.
52,848
Population
24,394
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
93%
High-School Grad
119.1 sq mi
ZIP Area
444
Density / Sq Mi
$55,582
Median Household Income
$39,709
Median Earnings
$807
Median Rent
$127,501
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Pittsburg | — | — |
| Edinburg | — | — |
| Bessemer | — | — |
| Wampum | — | — |
Commercial property in New Castle, PA asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Castle?
Commercial property in New Castle, PA asks an average of $107 per square foot. The 5 most recent recorded sales traded at a median of $86/SF, so asking sits 24% above the achieved median.
Where does Realmo's New Castle market data come from?
Realmo compiles New Castle, PA figures from 7 recent recorded sales, 87 active sale listings, 26 active lease listings, 1,757 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 87 active for-sale and 26 active for-lease listings in New Castle, 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
