Commercial Real Estate Market in Bellefonte, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 520 off-market properties in Bellefonte, PA. Commercial property asks $179/SF to buy (based on 8 listings) and $15.00/SF/Yr to lease (based on 5 listings).
Market Trends
Bellefonte, PA spans 124.3 square miles in Centre County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Bellefonte, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Bellefonte, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Bellefonte, 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%.
Multifamily
Multifamily vacancy in Bellefonte, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.2%
- Commercial 13.3%
- Mixed use 3.5%
- Industrial 2.6%
- Agricultural 1.5%
Largest Zones share of zoned land by district
Bellefonte, PA zones 1,185 acres across 9 districts. Commercial zoning covers 13.3% of zoned land, residential 79.2% and industrial 2.6%. The largest single district is Town Residential District at 40.5%. For commercial buyers the practical constraint is that only 15.9% of land carries a commercial or industrial designation.
Highway Commercial District (HC) § 575-26 Intent. § 575-27 District regulations. § 575-28 Design standards. Article VIII Central Business District (CBD) § 575-29 Intent. § 575-30 Development standards. § 575-31 District regulations.
Market overview
Demographics & Economy
Bellefonte, PA has 29,345 residents in 11,679 households. Density runs 236 people per square mile. Median household income here is $75,717 and median gross rent $1,013 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Bellefonte?
How much does it cost to lease commercial space in Bellefonte?
What zoning applies to commercial property in Bellefonte?
Where does Realmo's Bellefonte market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 7 active for-lease listings in Bellefonte, PA. The medians are based on 8 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 1,185 zoned acres across 9 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
