Commercial Real Estate Market in Palmer Twp, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
241 active listings and 1,937 off-market properties in Palmer Twp, PA. Commercial property asks $259/SF to buy and $17.50/SF/Yr to lease.
Market Trends
Palmer Twp, PA spans 19.3 square miles in Northampton County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palmer Twp, PA asks $82/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 Palmer Twp, PA asks $126/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 Palmer Twp, 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 Palmer Twp, PA asks $154/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
Palmer Twp, PA has 30,317 residents in 12,250 households. Density runs 1,574 people per square mile. Median household income here is $109,068 and median gross rent $1,802 a month.
30,317
Population
12,250
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,574
Density / Sq Mi
$109,068
Median Household Income
$57,146
Median Earnings
$1,802
Median Rent
$301,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.50/SF/Yr lease vs $259/SF buy → buying wins if held > 3.5 years.
At a 6.8% 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 |
|---|---|---|
| Stockertown | — | — |
| Easton | — | $17.50 |
| Phillipsburg | — | $15.38 |
| Nazareth | — | $19.50 |
Commercial property in Palmer Twp, PA asks $259/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmer Twp?
Commercial property in Palmer Twp, PA asks an average of $259 per square foot. The 7 most recent recorded sales traded at a median of $219/SF, so asking sits 18% above the achieved median. Multifamily carries the highest asking price at $154/SF.
How much does it cost to lease commercial space in Palmer Twp?
Asking lease rates in Palmer Twp, PA average $17.50 per square foot per year.
Is it cheaper to lease or buy commercial space in Palmer Twp?
Buying beats leasing in Palmer Twp, PA if the property is held longer than 3.5 years, comparing $17.50/SF/Yr asking rent with $259/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.
Where does Realmo's Palmer Twp market data come from?
Realmo compiles Palmer Twp, PA figures from 7 recent recorded sales, 105 active sale listings, 136 active lease listings, 1,937 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 105 active for-sale and 136 active for-lease listings in Palmer Twp, 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 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 · How Realmo checks market page data · Report a data issue
