Commercial Real Estate Market in New Florence, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 108 off-market properties in New Florence, PA.
Market Trends
New Florence, PA spans 65.1 square miles in Westmoreland County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Florence, 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 Florence, 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 Florence, 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 Florence, 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 Florence, PA has 3,151 residents in 1,449 households. Density runs 48 people per square mile. Median household income here is $70,086 and median gross rent $671 a month.
3,151
Population
1,449
Households
2.2
Avg Household Size
47
Median Age
23%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
48
Density / Sq Mi
$70,086
Median Household Income
$47,617
Median Earnings
$671
Median Rent
$160,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's New Florence market data come from?
Realmo compiles New Florence, PA figures from 4 recent recorded sales, 2 active sale listings, 108 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 2 active for-sale and 0 active for-lease listings in New Florence, 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
