Commercial Real Estate Market in Palmyra, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
12 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 October 2026.
Office
Office vacancy in Palmyra, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across Lebanon County, multifamily space asks $116/SF to buy. Multifamily vacancy in Palmyra, 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
- Residential 69.6%
- Industrial 16.2%
- Commercial 11.8%
- Mixed use 2.5%
Largest Zones share of zoned land by district
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Palmyra?
What zoning applies to commercial property in Palmyra?
Where does Realmo's Palmyra market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 2 active for-lease listings in Palmyra, PA. The sale median is based on 3 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: 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 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
