Commercial Real Estate Market in Richland, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 46 off-market properties in Richland, PA.
Market Trends
Richland, PA spans 12.7 square miles in Lebanon County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richland, 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 Richland, 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 Richland, 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 Richland, 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 79.6%
- Industrial 14.9%
- Commercial 4.2%
- Civic 1.3%
Largest Zones share of zoned land by district
Low Density Residential
Industrial
High Density Residential
Auto Oriented Commercial
Business District
Richland, PA zones 891 acres across 6 districts. Commercial zoning covers 4.2% of zoned land, residential 79.6% and industrial 14.9%. The largest single district is Low Density Residential at 68.1%. For commercial buyers the practical constraint is that only 19.2% of land carries a commercial or industrial designation.
Low Density Residential (RLD)
To provide for and to protect low density residential neighborhoodsthat are primarily comprised ofsingle family detached dwellings, twin homes and townhouses.
Market overview
Demographics & Economy
Richland, PA has 2,787 residents in 926 households. Density runs 219 people per square mile. Median household income here is $91,510 and median gross rent $860 a month.
2,787
Population
926
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
83%
High-School Grad
12.7 sq mi
ZIP Area
219
Density / Sq Mi
$91,510
Median Household Income
$47,850
Median Earnings
$860
Median Rent
$222,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Myerstown | — | — |
| Stricklerstown | — | — |
| Reistville | — | — |
| Womelsdorf | — | — |
Commercial property in Richland, PA asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richland?
Commercial property in Richland, PA asks an average of $82 per square foot. The 5 most recent recorded sales traded at a median of $42/SF, so asking sits 96% above the achieved median. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Richland?
Richland, PA zones 891 acres across 6 districts, of which 4.2% is commercial and 14.9% industrial. The largest single district is Low Density Residential at 68.1% of zoned land. To provide for and to protect low density residential neighborhoodsthat are primarily comprised ofsingle family detached dwellings, twin homes and townhouses. Residential zoning covers 79.6% and open space 0%.
Where does Realmo's Richland market data come from?
Realmo compiles Richland, PA figures from 5 recent recorded sales, 1 active sale listings, 46 tracked off-market properties, the current Richland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Richland, 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: 891 zoned acres across 6 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
