Commercial Real Estate Market in Upper Gwynedd, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
92 active listings and 839 off-market properties in Upper Gwynedd, PA. Commercial property asks $172/SF to buy and $13.83/SF/Yr to lease.
Market Trends
Upper Gwynedd, PA spans 22.6 square miles in Montgomery County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Upper Gwynedd, 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 Upper Gwynedd, 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 Upper Gwynedd, 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 Upper Gwynedd, PA asks $222/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
Upper Gwynedd, PA has 58,930 residents in 24,983 households. Density runs 2,612 people per square mile. Median household income here is $103,875 and median gross rent $1,738 a month.
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,612
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.83/SF/Yr lease vs $172/SF buy → buying wins if held > 2.2 years.
At a 8% 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 |
|---|---|---|
| Lansdale | — | $13.83 |
| North Wales | — | $13.80 |
| Colmar | — | — |
Commercial property in Upper Gwynedd, PA asks $172/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Upper Gwynedd?
Commercial property in Upper Gwynedd, PA asks an average of $172 per square foot. The 8 most recent recorded sales traded at a median of $157/SF, so asking sits 10% above the achieved median. Multifamily carries the highest asking price at $222/SF.
How much does it cost to lease commercial space in Upper Gwynedd?
Asking lease rates in Upper Gwynedd, PA average $13.83 per square foot per year.
Is it cheaper to lease or buy commercial space in Upper Gwynedd?
Buying beats leasing in Upper Gwynedd, PA if the property is held longer than 2.2 years, comparing $13.83/SF/Yr asking rent with $172/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.
Where does Realmo's Upper Gwynedd market data come from?
Realmo compiles Upper Gwynedd, PA figures from 8 recent recorded sales, 45 active sale listings, 47 active lease listings, 839 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 47 active for-lease listings in Upper Gwynedd, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
