Commercial Real Estate Market in Centre Hall, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 125 off-market properties in Centre Hall, PA.
Market Trends
Centre Hall, PA spans 55.7 square miles in Centre County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Centre Hall, 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 Centre Hall, 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 Centre Hall, 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 vacancy in Centre Hall, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Centre Hall, PA has 4,377 residents in 2,175 households. Density runs 79 people per square mile. Median household income here is $73,810 and median gross rent $993 a month.
4,377
Population
2,175
Households
2
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
55.7 sq mi
ZIP Area
79
Density / Sq Mi
$73,810
Median Household Income
$48,331
Median Earnings
$993
Median Rent
$275,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Mills | — | — |
| Boalsburg | — | — |
| Lemont | — | — |
| Mingoville | — | — |
Commercial property in Centre Hall, PA asks $605/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centre Hall?
Commercial property in Centre Hall, PA asks an average of $605 per square foot.
Where does Realmo's Centre Hall market data come from?
Realmo compiles Centre Hall, PA figures from 4 recent recorded sales, 10 active sale listings, 125 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 10 active for-sale and 0 active for-lease listings in Centre Hall, 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
