Commercial Real Estate Market in Palmyra, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 368 off-market properties in Palmyra, PA.
Market Trends
Palmyra, PA spans 30.1 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmyra, 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 Palmyra, 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 Palmyra, 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 Palmyra, PA asks $129/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
- Residential 69.6%
- Industrial 16.2%
- Commercial 11.8%
- Mixed use 2.5%
Largest Zones share of zoned land by district
Low Density Residential
Town Residential
Heavy Industrial
Highway Commercial
Light Industrial
Palmyra, PA zones 1,227 acres across 9 districts. Commercial zoning covers 11.8% of zoned land, residential 69.6% and industrial 16.2%. The largest single district is Low Density Residential at 46.3%. For commercial buyers the practical constraint is that only 28% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Palmyra, PA has 23,496 residents in 9,602 households. Density runs 781 people per square mile. Median household income here is $84,533 and median gross rent $1,252 a month.
23,496
Population
9,602
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
30.1 sq mi
ZIP Area
781
Density / Sq Mi
$84,533
Median Household Income
$47,141
Median Earnings
$1,252
Median Rent
$278,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Campbelltown | — | — |
| Annville | — | — |
| Bellegrove | — | — |
| Shellsville | — | — |
Commercial property in Palmyra, PA asks $70/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmyra?
Commercial property in Palmyra, PA asks an average of $70 per square foot. The 6 most recent recorded sales traded at a median of $143/SF. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Palmyra?
Palmyra, PA zones 1,227 acres across 9 districts, of which 11.8% is commercial and 16.2% industrial. The largest single district is Low Density Residential at 46.3% of zoned land. Residential zoning covers 69.6% and open space 0%.
Where does Realmo's Palmyra market data come from?
Realmo compiles Palmyra, PA figures from 6 recent recorded sales, 30 active sale listings, 3 active lease listings, 368 tracked off-market properties, the current Palmyra zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 3 active for-lease listings in Palmyra, 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.
- Zoning and land use
- The current municipal zoning release: 1,227 zoned acres across 9 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
