Commercial Real Estate Market in Philipsburg, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 396 off-market properties in Philipsburg, PA.
Market Trends
Philipsburg, PA spans 157.1 square miles in Centre County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Philipsburg, 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 Philipsburg, 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 Philipsburg, 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 Philipsburg, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 35.9%
- Residential 35.5%
- Open space 19.5%
- Industrial 9.1%
Largest Zones share of zoned land by district
Residential Single Household Suburban
Residential Single Family Suburban
Recreation And Conservation
Industrial General
Residential Multi Household
Philipsburg, PA zones 564 acres across 8 districts. Commercial zoning covers 35.9% of zoned land, residential 35.5%, open space 19.5% and industrial 9.1%. The largest single district is Residential Single Household Suburban at 25.4%. For commercial buyers the practical constraint is that only 45% of land carries a commercial or industrial designation.
Residential Single Household Suburban (R1A)
The purpose of R1A zone was drawn to include already developed low density residential areas that are predominantly composed of single household detached homes and open areas where similar development should occur
Market overview
Demographics & Economy
Philipsburg, PA has 9,850 residents in 4,083 households. Density runs 63 people per square mile. Median household income here is $48,580 and median gross rent $681 a month.
9,850
Population
4,083
Households
2.4
Avg Household Size
45
Median Age
17%
College-Educated
86%
High-School Grad
157.1 sq mi
ZIP Area
63
Density / Sq Mi
$48,580
Median Household Income
$37,463
Median Earnings
$681
Median Rent
$136,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hawk Run | — | — |
| Osceola Mills | — | — |
| Munson | — | — |
| Allport | — | — |
Commercial property in Philipsburg, PA asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Philipsburg?
Commercial property in Philipsburg, PA asks an average of $35 per square foot.
What zoning applies to commercial property in Philipsburg?
Philipsburg, PA zones 564 acres across 8 districts, of which 35.9% is commercial and 9.1% industrial. The largest single district is Residential Single Household Suburban at 25.4% of zoned land. The purpose of R1A zone was drawn to include already developed low density residential areas that are predominantly composed of single household detached homes and open areas where similar development should occur Residential zoning covers 35.5% and open space 19.5%.
Where does Realmo's Philipsburg market data come from?
Realmo compiles Philipsburg, PA figures from 6 recent recorded sales, 9 active sale listings, 5 active lease listings, 396 tracked off-market properties, the current Philipsburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 5 active for-lease listings in Philipsburg, 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: 564 zoned acres across 8 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
