Commercial Real Estate Market in Centre Hall, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
8 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 October 2026.
Office
Office vacancy in Centre Hall, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Multifamily vacancy in Centre Hall, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Bellefonte | $179 | $15.00 |
| State College | $228 | $18.00 |
Commercial property in Centre Hall, PA asks $119/SF. The 2 bordering markets run from $179/SF in Bellefonte to $228/SF in State College, and the city sits below their $203/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Centre Hall?
How does Centre Hall compare to nearby markets on price?
Where does Realmo's Centre Hall market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 1 active for-lease listings in Centre Hall, PA. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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
