Commercial Real Estate Market in Olyphant, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 42 off-market properties in Olyphant, PA.
Market Trends
Olyphant, PA spans 19.9 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Lackawanna County, office space asks $113/SF to buy. Office vacancy in Olyphant, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Lackawanna County, retail space asks $113/SF to buy. Retail vacancy in Olyphant, 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 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%.
Multifamily
Across Lackawanna County, multifamily space asks $113/SF to buy. Multifamily vacancy in Olyphant, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Blakely | $106 (county avg) | — |
| Throop | $130 | — |
| Jessup | $88 | — |
Commercial property in Olyphant, PA asks $105/SF. The 3 bordering markets run from $88/SF in Jessup to $130/SF in Throop, and the city sits in line with their $106/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Olyphant?
How does Olyphant compare to nearby markets on price?
What zoning applies to commercial property in Olyphant?
Where does Realmo's Olyphant market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 5 active for-lease listings in Olyphant, PA. The sale median is based on 10 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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 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
