Commercial Real Estate Market in North Wales, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
31 active listings and 415 off-market properties in North Wales, PA. Commercial property asks $172/SF to buy (based on 4 listings) and $16.00/SF/Yr to lease (based on 3 listings).
Market Trends
North Wales, PA spans 12.6 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in North Wales, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across Montgomery County, multifamily space asks $195/SF to buy. Multifamily vacancy in North Wales, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in North Wales?
How much does it cost to lease commercial space in North Wales?
Where does Realmo's North Wales market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 22 active for-lease listings in North Wales, PA. The medians are based on 4 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
