Commercial Real Estate Market in Shrewsbury, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 137 off-market properties in Shrewsbury, PA. Commercial property asks $338/SF to buy and $8.31/SF/Yr to lease.
Market Trends
Shrewsbury, PA spans 3.0 square miles in York County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shrewsbury, 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 Shrewsbury, 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 Shrewsbury, 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 Shrewsbury, PA asks $86/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 85.9%
- Commercial 9.2%
- Industrial 4.9%
Largest Zones share of zoned land by district
Residential Agricultural
Residential One Family
Residential
Commercial
Industrial
Shrewsbury, PA zones 1,150 acres across 6 districts. Commercial zoning covers 9.2% of zoned land, residential 85.9% and industrial 4.9%. The largest single district is Residential Agricultural at 52.4%. For commercial buyers the practical constraint is that only 14.1% of land carries a commercial or industrial designation.
Residential Agricultural (R-A)
The purpose of the R-O district is to improve and maintain the character of the established single-family residential areas within the Borough
Market overview
Demographics & Economy
Shrewsbury, PA has 5,961 residents in 2,690 households. Density runs 1,955 people per square mile. Median household income here is $100,368 and median gross rent $1,121 a month.
5,961
Population
2,690
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
91%
High-School Grad
3 sq mi
ZIP Area
1,955
Density / Sq Mi
$100,368
Median Household Income
$58,514
Median Earnings
$1,121
Median Rent
$292,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Railroad | — | — |
| Tolna | — | — |
| Hametown | — | — |
| New Freedom | — | — |
Commercial property in Shrewsbury, PA asks $338/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shrewsbury?
Commercial property in Shrewsbury, PA asks an average of $338 per square foot. The 7 most recent recorded sales traded at a median of $70/SF, so asking sits 382% above the achieved median. Multifamily carries the highest asking price at $86/SF.
How much does it cost to lease commercial space in Shrewsbury?
Asking lease rates in Shrewsbury, PA average $8.31 per square foot per year.
What zoning applies to commercial property in Shrewsbury?
Shrewsbury, PA zones 1,150 acres across 6 districts, of which 9.2% is commercial and 4.9% industrial. The largest single district is Residential Agricultural at 52.4% of zoned land. The purpose of the R-O district is to improve and maintain the character of the established single-family residential areas within the Borough Residential zoning covers 85.9% and open space 0%.
Where does Realmo's Shrewsbury market data come from?
Realmo compiles Shrewsbury, PA figures from 8 recent recorded sales, 8 active sale listings, 7 active lease listings, 137 tracked off-market properties, the current Shrewsbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 7 active for-lease listings in Shrewsbury, 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: 1,150 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, 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
