Commercial Real Estate Market in Tunkhannock, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 262 off-market properties in Tunkhannock, PA. Commercial property asks $142/SF to buy and $7.10/SF/Yr to lease.
Market Trends
Tunkhannock, PA spans 118.2 square miles in Wyoming County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tunkhannock, 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 Tunkhannock, 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 Tunkhannock, 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 Tunkhannock, PA asks $79/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 55.9%
- Open space 27.7%
- Commercial 10.1%
- Industrial 6.3%
Largest Zones share of zoned land by district
Residential
Special Conservation
Industrial
Highway Commercial
Downtown Commercial
Tunkhannock, PA zones 605 acres across 6 districts. Commercial zoning covers 10.1% of zoned land, residential 55.9%, open space 27.7% and industrial 6.3%. The largest single district is Residential at 54.1%. For commercial buyers the practical constraint is that only 16.4% of land carries a commercial or industrial designation.
Residential (R-1)
R-1 Residential C-1 Commercial - Downtown C-2 Commercial - Highway I-1 Industrial S-1 Special 401.1 Airport Overlay District The Airport Overlay District is hereby created to include all o f the land lying beneath the approach surfaces, primary surfaces, transitional surfaces, horizontal surfaces and conica l surfaces as applied to airports as defined and re…
Market overview
Demographics & Economy
Tunkhannock, PA has 10,793 residents in 5,346 households. Density runs 91 people per square mile. Median household income here is $75,293 and median gross rent $934 a month.
10,793
Population
5,346
Households
2
Avg Household Size
47
Median Age
22%
College-Educated
93%
High-School Grad
118.2 sq mi
ZIP Area
91
Density / Sq Mi
$75,293
Median Household Income
$42,185
Median Earnings
$934
Median Rent
$210,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $7.10/SF/Yr lease vs $142/SF buy → buying wins if held > 10.2 years.
At a 5% gross asking yield the payback reads short relative to leasing. 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 |
|---|---|---|
| La Plume | $107 (county avg) | — |
| Dalton | $107 (county avg) | — |
| Ransom | $107 (county avg) | — |
| Waverly | $107 (county avg) | — |
Commercial property in Tunkhannock, PA asks $142/SF. The 4 bordering markets run from $107/SF in La Plume to $107/SF in La Plume, and the city sits above their $107/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tunkhannock?
Commercial property in Tunkhannock, PA asks an average of $142 per square foot. Multifamily carries the highest asking price at $79/SF.
How much does it cost to lease commercial space in Tunkhannock?
Asking lease rates in Tunkhannock, PA average $7.10 per square foot per year.
Is it cheaper to lease or buy commercial space in Tunkhannock?
Buying beats leasing in Tunkhannock, PA if the property is held longer than 10.2 years, comparing $7.10/SF/Yr asking rent with $142/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 Tunkhannock compare to nearby markets on price?
Tunkhannock, PA asks $142/SF against $107/SF in La Plume, $107/SF in Dalton, $107/SF in Ransom and $107/SF in Waverly. La Plume is the cheapest entry point at 25% below Tunkhannock pricing.
What zoning applies to commercial property in Tunkhannock?
Tunkhannock, PA zones 605 acres across 6 districts, of which 10.1% is commercial and 6.3% industrial. The largest single district is Residential at 54.1% of zoned land. R-1 Residential C-1 Commercial - Downtown C-2 Commercial - Highway I-1 Industrial S-1 Special 401.1 Airport Overlay District The Airport Overlay District is hereby created to include all o f the land lying beneath the approach surfaces, primary surfaces, transitional surfaces, horizontal surfaces and conica l surfaces as applied to airports as defined and re… Residential zoning covers 55.9% and open space 27.7%.
Where does Realmo's Tunkhannock market data come from?
Realmo compiles Tunkhannock, PA figures from 2 recent recorded sales, 28 active sale listings, 21 active lease listings, 262 tracked off-market properties, the current Tunkhannock zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 21 active for-lease listings in Tunkhannock, 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: 605 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
