Commercial Real Estate Market in North Wales, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 415 off-market properties in North Wales, PA. Commercial property asks $143/SF to buy and $11.23/SF/Yr to lease.
Market Trends
North Wales, PA spans 12.6 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Wales, 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 North Wales, 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 North Wales, 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 North Wales, 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
Market overview
Demographics & Economy
North Wales, PA has 29,532 residents in 11,622 households. Density runs 2,338 people per square mile. Median household income here is $113,208 and median gross rent $1,796 a month.
29,532
Population
11,622
Households
2.5
Avg Household Size
46
Median Age
54%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
2,338
Density / Sq Mi
$113,208
Median Household Income
$61,287
Median Earnings
$1,796
Median Rent
$438,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gwynedd Valley | — | — |
| Ambler | — | $87.67 |
| Blue Bell | — | $18.89 |
| Prospectville | — | — |
Commercial property in North Wales, PA asks $143/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Wales?
Commercial property in North Wales, PA asks an average of $143 per square foot. The 7 most recent recorded sales traded at a median of $918/SF. Multifamily carries the highest asking price at $202/SF.
How much does it cost to lease commercial space in North Wales?
Asking lease rates in North Wales, PA average $11.23 per square foot per year.
Where does Realmo's North Wales market data come from?
Realmo compiles North Wales, PA figures from 7 recent recorded sales, 13 active sale listings, 20 active lease listings, 415 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 13 active for-sale and 20 active for-lease listings in North Wales, 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
