Commercial Real Estate Market in Olyphant, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 42 off-market properties in Olyphant, PA. Commercial property asks $107/SF to buy and $8.50/SF/Yr to lease.
Market Trends
Olyphant, PA spans 19.9 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Olyphant, PA asks $137/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Olyphant, PA asks $93/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Olyphant, 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 Olyphant, PA asks $107/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
- Industrial 51.4%
- Residential 26.3%
- Open space 19.6%
- Commercial 2%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Large Scale Mixed Commercial And Manufacturing District
Conservation
Low Density Residential
Light Manufacturing
Medium Density Residential
Olyphant, PA zones 3,602 acres across 11 districts. Commercial zoning covers 2% of zoned land, residential 26.3%, open space 19.6% and industrial 51.4%. The largest single district is Large Scale Mixed Commercial And Manufacturing District at 35.8%. For commercial buyers the practical constraint is that only 53.4% of land carries a commercial or industrial designation.
Large Scale Mixed Commercial And Manufacturing District (CM-2)
CM-2 Large-Scale Mixed Commercial/Manufacturing District The purpose of the Large-Scale Commercial/Manufacturing District is to provide locations within the Borough for a mix of large-scale commercial and a range of light, heavy, and other industrial or manufacturing uses to provide for regionalized shopping, services, hospitality venues, industry, and emplo…
Market overview
Demographics & Economy
Olyphant, PA has 10,362 residents in 4,799 households. Density runs 520 people per square mile. Median household income here is $64,276 and median gross rent $971 a month.
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
520
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Blakely | $107 (county avg) | — |
| Throop | $107 (county avg) | — |
| Dickson City | $107 (county avg) | $16.40 |
| Jessup | $107 (county avg) | — |
Commercial property in Olyphant, PA asks $107/SF. The 4 bordering markets run from $107/SF in Blakely to $107/SF in Blakely, and the city sits in line with their $107/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Olyphant?
Commercial property in Olyphant, PA asks an average of $107 per square foot. Office carries the highest asking price at $137/SF.
How much does it cost to lease commercial space in Olyphant?
Asking lease rates in Olyphant, PA average $8.50 per square foot per year.
How does Olyphant compare to nearby markets on price?
Olyphant, PA asks $107/SF against $107/SF in Blakely, $107/SF in Throop, $107/SF in Dickson City and $107/SF in Jessup.
What zoning applies to commercial property in Olyphant?
Olyphant, PA zones 3,602 acres across 11 districts, of which 2% is commercial and 51.4% industrial. The largest single district is Large Scale Mixed Commercial And Manufacturing District at 35.8% of zoned land. CM-2 Large-Scale Mixed Commercial/Manufacturing District The purpose of the Large-Scale Commercial/Manufacturing District is to provide locations within the Borough for a mix of large-scale commercial and a range of light, heavy, and other industrial or manufacturing uses to provide for regionalized shopping, services, hospitality venues, industry, and emplo… Residential zoning covers 26.3% and open space 19.6%.
Where does Realmo's Olyphant market data come from?
Realmo compiles Olyphant, PA figures from 5 recent recorded sales, 29 active sale listings, 5 active lease listings, 42 tracked off-market properties, the current Olyphant zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 5 active for-lease listings in Olyphant, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 3,602 zoned acres across 11 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 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
