Commercial Real Estate Market in Philipsburg, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 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 October 2026.
Office
Office vacancy in Philipsburg, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Multifamily vacancy in Philipsburg, 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
- Commercial 35.9%
- Residential 35.5%
- Open space 19.5%
- Industrial 9.1%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Philipsburg?
What zoning applies to commercial property in Philipsburg?
Where does Realmo's Philipsburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 5 active for-lease listings in Philipsburg, PA. The sale median is based on 3 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.
- 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 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
