Commercial Real Estate Market in Norristown, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
293 active listings and 2,576 off-market properties in Norristown, PA. Commercial property asks $152/SF to buy and $21.02/SF/Yr to lease.
Market Trends
Norristown, PA spans 43.0 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Norristown, 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 Norristown, 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 Norristown, 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 Norristown, PA asks $222/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 56.6%
- Commercial 11.9%
- Civic 11.8%
- Open space 9.9%
- Mixed use 6.9%
- Industrial 1.8%
Largest Zones share of zoned land by district
Residential
Institutional
Recreation
Multifamily Residential
Limited Industrial Mixed Use
Norristown, PA zones 2,325 acres across 15 districts. Commercial zoning covers 11.9% of zoned land, residential 56.6%, open space 9.9% and industrial 1.8%. The largest single district is Residential at 43.7%. For commercial buyers the practical constraint is that only 13.7% of land carries a commercial or industrial designation.
Residential (R-2)
Reserved) Article IV R-1 Residence District § 320-25 Legislative intent. § 320-26 Use regulations. § 320-27 Dimensional criteria. § 320-28 General development regulations. § 320-29 through § 320-39. (Reserved) Article V R-2 Residence District § 320-40 Legislative intent. § 320-41 Use regulations. § 320-42 Dimensional criteria. § 320-43 General development re…
Market overview
Demographics & Economy
Norristown, PA has 121,259 residents in 54,455 households. Density runs 2,820 people per square mile. Median household income here is $90,863 and median gross rent $1,625 a month.
121,259
Population
54,455
Households
2.2
Avg Household Size
39
Median Age
44%
College-Educated
93%
High-School Grad
43 sq mi
ZIP Area
2,820
Density / Sq Mi
$90,863
Median Household Income
$53,087
Median Earnings
$1,625
Median Rent
$316,202
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.02/SF/Yr lease vs $152/SF buy → buying wins if held > 0.8 years.
At a 13.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bridgeport | — | — |
| Devon | — | — |
Commercial property in Norristown, PA asks $152/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norristown?
Commercial property in Norristown, PA asks an average of $152 per square foot. The 4 most recent recorded sales traded at a median of $110/SF, so asking sits 39% above the achieved median. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in Norristown?
Asking lease rates in Norristown, PA average $21.02 per square foot per year.
Is it cheaper to lease or buy commercial space in Norristown?
Buying beats leasing in Norristown, PA if the property is held longer than 0.8 years, comparing $21.02/SF/Yr asking rent with $152/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Norristown?
Norristown, PA zones 2,325 acres across 15 districts, of which 11.9% is commercial and 1.8% industrial. The largest single district is Residential at 43.7% of zoned land. Reserved) Article IV R-1 Residence District § 320-25 Legislative intent. § 320-26 Use regulations. § 320-27 Dimensional criteria. § 320-28 General development regulations. § 320-29 through § 320-39. (Reserved) Article V R-2 Residence District § 320-40 Legislative intent. § 320-41 Use regulations. § 320-42 Dimensional criteria. § 320-43 General development re… Residential zoning covers 56.6% and open space 9.9%.
Where does Realmo's Norristown market data come from?
Realmo compiles Norristown, PA figures from 6 recent recorded sales, 146 active sale listings, 147 active lease listings, 2,576 tracked off-market properties, the current Norristown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 146 active for-sale and 147 active for-lease listings in Norristown, 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: 2,325 zoned acres across 15 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 30 September 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 30 September 2026 · report a data issue
