Commercial Real Estate Market in Penllyn, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
70 active listings and 265 off-market properties in Penllyn, PA. Commercial property asks $40/SF to buy and $19.61/SF/Yr to lease.
Market Trends
Penllyn, PA spans 12.3 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Penllyn, 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 Penllyn, 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 Penllyn, 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 Penllyn, PA asks $222/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
Penllyn, PA has 20,117 residents in 8,179 households. Density runs 1,640 people per square mile. Median household income here is $153,344 and median gross rent $2,151 a month.
20,117
Population
8,179
Households
2.5
Avg Household Size
46
Median Age
74%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
1,640
Density / Sq Mi
$153,344
Median Household Income
$82,873
Median Earnings
$2,151
Median Rent
$572,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Wales | — | $11.23 |
| Ambler | — | $88.67 |
| Blue Bell | — | $19.61 |
| Fort Washington | — | $22.91 |
Commercial property in Penllyn, PA asks $40/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Penllyn?
Commercial property in Penllyn, PA asks an average of $40 per square foot. The 5 most recent recorded sales traded at a median of $61/SF. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in Penllyn?
Asking lease rates in Penllyn, PA average $19.61 per square foot per year.
Where does Realmo's Penllyn market data come from?
Realmo compiles Penllyn, PA figures from 7 recent recorded sales, 14 active sale listings, 56 active lease listings, 265 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 14 active for-sale and 56 active for-lease listings in Penllyn, 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
