Commercial Real Estate Market in Smithfield, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 522 off-market properties in Smithfield, PA.
Market Trends
Smithfield, PA spans 62.2 square miles in Fayette County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Smithfield, 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 Smithfield, 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 Smithfield, 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 vacancy in Smithfield, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.2%
- Commercial 13.3%
- Industrial 2.5%
Largest Zones share of zoned land by district
High Density Residential District
Business Commercial
Agricultural Rural District
Heavy Industrial
Light Industrial
Smithfield, PA zones 448 acres across 5 districts. Commercial zoning covers 13.3% of zoned land, residential 84.2% and industrial 2.5%. The largest single district is High Density Residential District at 79.1%. For commercial buyers the practical constraint is that only 15.8% of land carries a commercial or industrial designation.
High Density Residential District (R-2)
R-2 Moderate Density Residential District: This District comprises areas of the Township that are basically rural in character and that are or may be used for permanent or seasonal residences at moderate densities as well as for other purposes in keeping with the rural nature of the area. Many of these areas are served with central sewage and water. Accessor…
Market overview
Demographics & Economy
Smithfield, PA has 5,889 residents in 2,730 households. Density runs 95 people per square mile. Median household income here is $71,311 and median gross rent $822 a month.
5,889
Population
2,730
Households
2.2
Avg Household Size
46
Median Age
17%
College-Educated
90%
High-School Grad
62.2 sq mi
ZIP Area
95
Density / Sq Mi
$71,311
Median Household Income
$45,880
Median Earnings
$822
Median Rent
$145,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairchance | — | — |
| Grays Landing | — | — |
| Oliphant Furnace | — | — |
| Lake Lynn | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Smithfield?
Asking lease rates in Smithfield, PA average $9.50 per square foot per year.
What zoning applies to commercial property in Smithfield?
Smithfield, PA zones 448 acres across 5 districts, of which 13.3% is commercial and 2.5% industrial. The largest single district is High Density Residential District at 79.1% of zoned land. R-2 Moderate Density Residential District: This District comprises areas of the Township that are basically rural in character and that are or may be used for permanent or seasonal residences at moderate densities as well as for other purposes in keeping with the rural nature of the area. Many of these areas are served with central sewage and water. Accessor… Residential zoning covers 84.2% and open space 0%.
Where does Realmo's Smithfield market data come from?
Realmo compiles Smithfield, PA figures from 8 recent recorded sales, 4 active sale listings, 2 active lease listings, 522 tracked off-market properties, the current Smithfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 2 active for-lease listings in Smithfield, 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: 448 zoned acres across 5 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
