Commercial Real Estate Market in Scranton, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
361 active listings and 804 off-market properties in Scranton, PA. Commercial property asks $107/SF to buy and $14.67/SF/Yr to lease.
Market Trends
Scranton, PA spans 62.6 square miles in Lackawanna County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Scranton, PA asks $137/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 Scranton, PA asks $93/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 Scranton, 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 Scranton, PA asks $107/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 46.1%
- Open space 25.3%
- Civic 12.9%
- Industrial 11.1%
- Mixed use 4.5%
- Commercial 0.2%
Largest Zones share of zoned land by district
Conservation
Town City Single Family Residential
Town Single Family Residential
Light Industrial
Town Mixed Residential
Scranton, PA zones 16,373 acres across 15 districts. Commercial zoning covers 0.2% of zoned land, residential 46.1%, open space 25.3% and industrial 11.1%. The largest single district is Conservation at 22%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Town Single Family Residential (R-8)
R-8 - Town Single Family Residential District. To accommodate medium-density neighborhoods of single-family attached and detached dwellings, typically on local streets and with private driveways. (c) R-9 - Town Mixed Residential. To allow for neighborhoods of a medium-to-high density consisting of single-family dwellings and apartments on small-to-medium lot…
Market overview
Demographics & Economy
Scranton, PA has 119,334 residents in 55,743 households. Density runs 1,906 people per square mile. Median household income here is $56,036 and median gross rent $991 a month.
119,334
Population
55,743
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
89%
High-School Grad
62.6 sq mi
ZIP Area
1,906
Density / Sq Mi
$56,036
Median Household Income
$36,259
Median Earnings
$991
Median Rent
$161,692
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.67/SF/Yr lease vs $107/SF buy → buying wins if held > 0.8 years.
The comparison uses county-wide sale comps against Scranton asking rents, so the implied 13.6% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scott Township | $107 (county avg) | — |
| Blakely | $107 (county avg) | — |
| Olyphant | $107 (county avg) | — |
| Jermyn | $107 (county avg) | — |
Commercial property in Scranton, PA asks $107/SF. The 4 bordering markets run from $107/SF in Scott Township to $107/SF in Scott Township, and the city sits in line with their $107/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Scranton?
Commercial property in Scranton, PA asks an average of $107 per square foot. Office carries the highest asking price at $137/SF.
How much does it cost to lease commercial space in Scranton?
Asking lease rates in Scranton, PA average $14.67 per square foot per year.
Is it cheaper to lease or buy commercial space in Scranton?
Buying beats leasing in Scranton, PA if the property is held longer than 0.8 years, comparing $14.67/SF/Yr asking rent with $107/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Scranton compare to nearby markets on price?
Scranton, PA asks $107/SF against $107/SF in Scott Township, $107/SF in Blakely, $107/SF in Olyphant and $107/SF in Jermyn.
What zoning applies to commercial property in Scranton?
Scranton, PA zones 16,373 acres across 15 districts, of which 0.2% is commercial and 11.1% industrial. The largest single district is Conservation at 22% of zoned land. Residential zoning covers 46.1% and open space 25.3%.
Where does Realmo's Scranton market data come from?
Realmo compiles Scranton, PA figures from 8 recent recorded sales, 305 active sale listings, 56 active lease listings, 804 tracked off-market properties, the current Scranton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 305 active for-sale and 56 active for-lease listings in Scranton, 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.
- Zoning and land use
- The current municipal zoning release: 16,373 zoned acres across 15 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
