Commercial Real Estate Market in Spring Grove, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 174 off-market properties in Spring Grove, PA. Commercial property asks $274/SF to buy and $2.48/SF/Yr to lease.
Market Trends
Spring Grove, PA spans 49.1 square miles in York County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spring Grove, 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 Spring Grove, 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 Spring Grove, 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 Spring Grove, 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
Market overview
Demographics & Economy
Spring Grove, PA has 13,935 residents in 5,595 households. Density runs 284 people per square mile. Median household income here is $96,438 and median gross rent $1,183 a month.
13,935
Population
5,595
Households
2.5
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
49.1 sq mi
ZIP Area
284
Density / Sq Mi
$96,438
Median Household Income
$49,652
Median Earnings
$1,183
Median Rent
$258,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Codorus | — | — |
| York New Salem | — | — |
| Seven Valleys | — | — |
| Abbottstown | — | — |
Commercial property in Spring Grove, PA asks $274/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spring Grove?
Commercial property in Spring Grove, PA asks an average of $274 per square foot. The 3 most recent recorded sales traded at a median of $43/SF, so asking sits 532% above the achieved median. Multifamily carries the highest asking price at $86/SF.
How much does it cost to lease commercial space in Spring Grove?
Asking lease rates in Spring Grove, PA average $2.48 per square foot per year.
Where does Realmo's Spring Grove market data come from?
Realmo compiles Spring Grove, PA figures from 5 recent recorded sales, 17 active sale listings, 5 active lease listings, 174 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 17 active for-sale and 5 active for-lease listings in Spring Grove, 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.
- 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
