State College, PA Commercial Real Estate for Lease and Sale

Explore 57 listing(s) of commercial real estate in State College, PA to find the best space for your business.

CRE Market FAQs

Dreibelbis St

Dreibelbis St, State College, PA
Space Type

Land
For Lease Contact for pricing

1 space available / 252,212.4 SF
View Details (opens in new window)
Bristol I

2583 Gateway Dr, State College, PA
Property Type

Office
For Sale

$4,000,000
Property size 22,352 SF
View Details (opens in new window)
Westerly Parkway Plaza

418-560 Westerly Parkway, State College, PA
Space Type

Land
For Lease

$14.00 - $16.00/Acre/YR
1 space available / 43,560 SF
View Details (opens in new window)
1001 Shiloh Road

1001 Shiloh Road, State College, PA
Space Type

Land
For Lease Contact for pricing

1 space available / 287,496 SF
View Details (opens in new window)

Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in State College:
- Office Space: The market includes 708,269 square feet of office spaces in addition to 31 coworking locations.
- Retail Space: Between malls, restaurants and stores, State College is home to 1,893,807 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 253,000 square feet of available space in State College.
The average rent for commercial real estate in State College is $23.82 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in State College costs $15, while the city’s premium locations ask up to $35.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 203,778 square feet.
- Class B properties are sized 15,761 square feet, on average.
- Class C properties span an average of 27,500 square feet.
The best area for commercial real estate in State College will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Lemont, home to no fewer than 2 listings for space of all types.
CommercialCafe’s CRE offering in State College is enabled by a network of 19 active brokers from 10 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $35 per square foot. In particular, the property type commanding the highest lease rates in State College is Retail space.
The average size of a commercial property here stands at 1,326,285. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in State College:
Office properties:
- Average size: 37,278 square feet.
- Largest property: 2nd Floor (15,391 square feet).
Retail properties:
- Average size: 94,691 square feet.
- Largest property: OUTLOTS, MULTI-TENANT RETAIL, DRIVE THRU CAPABILITY (1,742,400 square feet).
Industrial properties:
- Average size: 253,000 square feet.

State College, PA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 43 listings for commercial real estate currently available for rent in State College add up to 3,496,584 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	15	121,674
Retail	20	1,981,890
Industrial	2	66,735
Other	6	1,326,285

Office properties:

The market has 15 active office listings, encompassing 121,674 square feet.
State College office spaces currently listed on CommercialCafe represent 34% of the total commercial real estate market in State College, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 20 retail listings available, adding up to a total of 1,981,890 square feet.
Retail spaces account for approximately 46% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in State College offers 2 listings, amounting to 66,735 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 4% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 11 properties listed for sale in the State College market, adding up to 407,410 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

5 office properties
2 retail properties
1 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	5	91,370
Retail	2	52,199
Industrial	1	263,784
Other	3	57

State College, PA Commercial Real Estate for Lease and Sale

Dreibelbis St

Bristol I

Westerly Parkway Plaza

1001 Shiloh Road

Frequently Asked Questions

State College, PA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches