Commercial Real Estate Market in Altoona, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
151 active listings and 1,923 off-market properties in Altoona, PA. Commercial property asks $25/SF to buy and $15.68/SF/Yr to lease.
Market Trends
Altoona, PA spans 99.5 square miles in Blair County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Altoona, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Altoona, PA asks $303/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 Altoona, 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 Altoona, PA asks $36/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 72.2%
- Commercial 14%
- Industrial 13.8%
Largest Zones share of zoned land by district
Suburban Residential
Single Household
Multiple Household
Light Industrial
General Industrial
Altoona, PA zones 4,642 acres across 11 districts. Commercial zoning covers 14% of zoned land, residential 72.2% and industrial 13.8%. The largest single district is Suburban Residential at 31.2%. For commercial buyers the practical constraint is that only 27.8% of land carries a commercial or industrial designation.
Suburban Residential (R-S)
The purpose of this zone is to provide areas within the City for the development of low density, primarily residential single household detached homes and to protect those areas presently developed in this manner.
Market overview
Demographics & Economy
Altoona, PA has 60,760 residents in 28,163 households. Density runs 611 people per square mile. Median household income here is $54,395 and median gross rent $814 a month.
60,760
Population
28,163
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
93%
High-School Grad
99.5 sq mi
ZIP Area
611
Density / Sq Mi
$54,395
Median Household Income
$36,474
Median Earnings
$814
Median Rent
$130,284
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hollidaysburg | — | $22.92 |
| Coupon | — | — |
| Bellwood | — | — |
| Duncansville | — | $14.70 |
Commercial property in Altoona, PA asks $25/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Altoona?
Commercial property in Altoona, PA asks an average of $25 per square foot. The 3 most recent recorded sales traded at a median of $190/SF. Retail carries the highest asking price at $303/SF.
How much does it cost to lease commercial space in Altoona?
Asking lease rates in Altoona, PA average $15.68 per square foot per year.
What zoning applies to commercial property in Altoona?
Altoona, PA zones 4,642 acres across 11 districts, of which 14% is commercial and 13.8% industrial. The largest single district is Suburban Residential at 31.2% of zoned land. The purpose of this zone is to provide areas within the City for the development of low density, primarily residential single household detached homes and to protect those areas presently developed in this manner. Residential zoning covers 72.2% and open space 0%.
Where does Realmo's Altoona market data come from?
Realmo compiles Altoona, PA figures from 8 recent recorded sales, 110 active sale listings, 41 active lease listings, 1,923 tracked off-market properties, the current Altoona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 110 active for-sale and 41 active for-lease listings in Altoona, 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: 4,642 zoned acres across 11 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
