Commercial Real Estate Market in Wilkes Barre, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
249 active listings and 2,927 off-market properties in Wilkes Barre, PA. Commercial property asks $75/SF to buy and $13.82/SF/Yr to lease.
Market Trends
Wilkes Barre, PA spans 187.7 square miles in Luzerne County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wilkes Barre, PA asks $45/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Wilkes Barre, PA asks $101/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Wilkes Barre, 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 Wilkes Barre, PA asks $100/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
Wilkes Barre, PA has 136,908 residents in 63,101 households. Density runs 729 people per square mile. Median household income here is $65,198 and median gross rent $943 a month.
136,908
Population
63,101
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
91%
High-School Grad
187.7 sq mi
ZIP Area
729
Density / Sq Mi
$65,198
Median Household Income
$39,857
Median Earnings
$943
Median Rent
$158,011
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kingston | — | $8.67 |
| Laurel Run | — | — |
| Edwardsville | — | — |
| Larksville | — | — |
Commercial property in Wilkes Barre, PA asks $75/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wilkes Barre?
Commercial property in Wilkes Barre, PA asks an average of $75 per square foot. Retail carries the highest asking price at $101/SF.
How much does it cost to lease commercial space in Wilkes Barre?
Asking lease rates in Wilkes Barre, PA average $13.82 per square foot per year.
Where does Realmo's Wilkes Barre market data come from?
Realmo compiles Wilkes Barre, PA figures from 7 recent recorded sales, 190 active sale listings, 59 active lease listings, 2,927 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 190 active for-sale and 59 active for-lease listings in Wilkes Barre, 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 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
