Commercial Real Estate Market in Prospect Park, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 120 off-market properties in Prospect Park, PA. Commercial property asks $199/SF to buy and $15.56/SF/Yr to lease.
Market Trends
Prospect Park, PA spans 0.7 square miles in Delaware County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Prospect Park, PA asks $168/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 Prospect Park, PA asks $188/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 Prospect Park, 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 Prospect Park, PA asks $195/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
Prospect Park, PA has 6,488 residents in 2,680 households. Density runs 8,674 people per square mile. Median household income here is $65,238 and median gross rent $1,154 a month.
6,488
Population
2,680
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
8,674
Density / Sq Mi
$65,238
Median Household Income
$43,588
Median Earnings
$1,154
Median Rent
$239,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwood | $199 (county avg) | — |
| Holmes | $199 (county avg) | — |
| Ridley Park | $199 (county avg) | — |
| Folsom | $199 (county avg) | — |
Commercial property in Prospect Park, PA asks $199/SF. The 4 bordering markets run from $199/SF in Norwood to $199/SF in Norwood, and the city sits in line with their $199/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Prospect Park?
Commercial property in Prospect Park, PA asks an average of $199 per square foot. The 7 most recent recorded sales traded at a median of $97/SF, so asking sits 105% above the achieved median. Multifamily carries the highest asking price at $195/SF.
How much does it cost to lease commercial space in Prospect Park?
Asking lease rates in Prospect Park, PA average $15.56 per square foot per year.
How does Prospect Park compare to nearby markets on price?
Prospect Park, PA asks $199/SF against $199/SF in Norwood, $199/SF in Holmes, $199/SF in Ridley Park and $199/SF in Folsom.
Where does Realmo's Prospect Park market data come from?
Realmo compiles Prospect Park, PA figures from 7 recent recorded sales, 5 active sale listings, 3 active lease listings, 120 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 3 active for-lease listings in Prospect Park, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
