Commercial Real Estate Market in New Kensington, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 948 off-market properties in New Kensington, PA. Commercial property asks $9/SF to buy and $6.25/SF/Yr to lease.
Market Trends
New Kensington, PA spans 45.4 square miles in Westmoreland County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Kensington, 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 Kensington, 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 Kensington, 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 Kensington, 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 Kensington, PA has 37,104 residents in 18,319 households. Density runs 817 people per square mile. Median household income here is $62,997 and median gross rent $749 a month.
37,104
Population
18,319
Households
2
Avg Household Size
47
Median Age
27%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
817
Density / Sq Mi
$62,997
Median Household Income
$42,795
Median Earnings
$749
Median Rent
$166,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arnold | — | — |
| Creighton | — | — |
| Springdale | — | — |
| Tarentum | — | — |
Commercial property in New Kensington, PA asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Kensington?
Commercial property in New Kensington, PA asks an average of $9 per square foot.
How much does it cost to lease commercial space in New Kensington?
Asking lease rates in New Kensington, PA average $6.25 per square foot per year.
Where does Realmo's New Kensington market data come from?
Realmo compiles New Kensington, PA figures from 7 recent recorded sales, 58 active sale listings, 15 active lease listings, 948 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 58 active for-sale and 15 active for-lease listings in New Kensington, 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
