State College, PA Commercial Real Estate for Lease and Sale

Explore 46 listings of State College commercial real estate to find the best space for your business.

1905 Waddle Rd

1905 Waddle Rd, State College, PA
Property

Retail

7,300 SF
Availability

1 Space

7,300 SF
For Lease Contact for pricing
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Highland Office Center

Highland Office Center , State College, PA
Property

Office

46,277 SF
Availability

1 Space

813 SF
Year Built

1986
For Lease

$20.00/SF/YR
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Nittany Mall

2901 East College Avenue, State College, PA
Property

Retail

533,000 SF
Availability

34 Spaces

92,654 SF
For Lease Contact for pricing
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319 E Calder Way

319 E Calder Way , State College, PA
Property

Retail

12,441 SF
Availability

1 Space

1,136 SF
Year Built

1940
For Lease

$15.00/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Land
RE Farm Cafe and Windswept Farm

1000 South Filmore Road, State College, PA
Property

Other
For Sale

$4,000,000
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Benner Pike

387 Benner Pike, State College, PA
Property

Retail

108,628 SF
Availability

1 Space

3,031 SF
For Lease Contact for pricing
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1910 North Atherton Street

1910 North Atherton Street, Park Forest Village, State College, PA
Property

Retail

11,312 SF
Year Built

2016
For Sale

$7,400,000
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Trader Joe's Plaza

221 Patriot Lane, State College, PA
Property

Retail

62,583 SF
Availability

1 Space

2,500 SF
Year Built

2012
For Lease Contact for pricing
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Science Park Plaza

431 Science Park Road, State College, PA
Property

Office

72,213 SF
Availability

2 Spaces

27,623 SF
Year Built

2019
For Lease Contact for pricing
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PA, State College - Innovation Blvd
Regus
330 Innovation Boulevard 2nd Floor, State College, PA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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126 West College Ave

126 West College Ave, State College, PA
Property

Retail

6,108 SF
Availability

1 Space

6,108 SF
For Lease

$35.00/SF/YR
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123 South Burrowes Street
Happy Valley Launchbox
123 South Burrowes Street 2nd Floor, State College, PA
Services

Open Workspace

Meeting Room
Amenities

Business consulting

High-speed wifi

Premium coffee

Professional & social events

Videoconferencing

Workshops
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Westerly Parkway Plaza

418-560 Westerly Parkway, State College, PA
Property

Retail

246,838 SF
Availability

2 Spaces

10,648 SF
For Lease

$14.00 - $16.00/SF/YR
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338 W College Ave

338 W College Ave, State College, PA
Property

Office

46,869 SF
Availability

1 Space

13,250 SF
For Lease

$25.00/SF/YR
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1201 Shiloh Rd

1201 Shiloh Rd, State College, PA
Property

VacantLand

45 Acre
For Sale Contact for pricing
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329 Innovation Blvd

329 Innovation Blvd, State College, PA
Property

Office

81,250 SF
Availability

1 Space

2,845 SF
For Lease Contact for pricing
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119 South Burrowes Street
Executive Offices
119 South Burrowes Street, State College, PA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Accessible

Business address

Cleaning services

Complimentary coffee & tea

Concierge

Directory listing

Fax services

Free water

High-speed wifi

Kitchen
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1230-1250 E College Ave

1230-1250 E College Ave, State College, PA
Property

VacantLand

4.1 Acre
Availability

1 Space

4.1 Acre
For Lease Contact for pricing
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1001 Shiloh Road

1001 Shiloh Road, State College, PA
Property

VacantLand

6.6 Acre
Availability

1 Space

6.6 Acre
For Lease Contact for pricing
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1001 Shiloh Road

1001 Shiloh Road, State College, PA
Property

VacantLand

6.6 Acre
For Sale Contact for pricing
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1028 Benner Pike

1028 Benner Pike, State College, PA
Property

VacantLand
Availability

1 Space

304,920 SF
For Lease Contact for pricing
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1405 S Atherton St

1405 S Atherton St, State College, PA
Property

VacantLand

12.59 Acre
Availability

1 Space

12.59 Acre
For Lease Contact for pricing
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Atherton Commons II

1694 N Atherton St, Park Forest Village, State College, PA
Property

Retail

42,404 SF
Availability

3 Spaces

42,404 SF
For Lease Contact for pricing
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1001 University Dr

1001 University Dr, State College, PA
Property

Office

7,320 SF
Availability

3 Spaces

3,805 SF
For Lease

$775.00 - $2,550.00/MO
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2182 Sandy Dr

2182 Sandy Dr, State College, PA
Property

Office

9,886 SF
Availability

2 Spaces

3,967 SF
For Lease

$18.00/SF/YR
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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North Atherton Place

North Atherton Street & Vairo Blvd, State College, PA
Property

Retail

261,891 SF
Availability

2 Spaces

2,400 SF
For Lease Contact for pricing
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Northland Center

255 Northland Center, Park Forest Village, State College, PA
Property

Retail

111,500 SF
Availability

2 Spaces

3,600 SF
For Lease Contact for pricing
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1402 South Atherton Street
Executive Offices
1402 South Atherton Street Lower Lever, 1st & 2nd Floor, State College, PA
Services

Meeting Room

Private Office
Amenities

Accessible

Business address

Cleaning services

Complimentary coffee & tea

Directory listing

Fax services

Free water

High-speed internet

Kitchen

Mail services
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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The Maxxen

131 Hiester Street, State College, PA
Property

Retail

529,922 SF
Availability

3 Spaces

31,937 SF
For Lease Contact for pricing
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Dreibelbis St

Dreibelbis St, State College, PA
Property

VacantLand

5.79 Acre
Availability

1 Space

5.79 Acre
Year Built

2013
For Lease Contact for pricing
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The Plaza at Aspen State College

250 Squirrel Dr, State College, PA
Property

Retail

25,705 SF
Availability

11 Spaces

23,350 SF
For Lease Contact for pricing
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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330 Innovation Blvd

330 Innovation Blvd, State College, PA
Property

Office

60,000 SF
Availability

2 Spaces

13,762 SF
For Lease Contact for pricing
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

17,500 SF
For Sale Contact for pricing
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1423 N Atherton St

1423 N Atherton St, State College, PA
Property

Retail

6,027 SF
For Sale

$1,800,000
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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331 Innovation Blvd

331 Innovation Blvd, State College, PA
Property

Office

81,200 SF
Availability

2 Spaces

7,026 SF
For Lease Contact for pricing
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Dreibelbis St

Dreibelbis St, State College, PA
Property

VacantLand

5.79 Acre
For Sale Contact for pricing
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328 Innovation Blvd

328 Innovation Blvd, State College, PA
Property

Office

68,600 SF
Availability

1 Space

3,438 SF
For Lease

$25.00/SF/YR
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2601 Gateway Drive

2601 Gateway Drive, State College, PA
Property

Office

2,500 SF
For Sale Contact for pricing
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1900 W College Ave

1900 W College Ave, State College, PA
Property

Industrial

253,000 SF
Availability

5 Spaces

66,735 SF
For Lease

$6.00 - $10.00/SF/YR
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Colonnade at State College

Colonnade Blvd, State College, PA
Property

Retail

68,633 SF
Availability

4 Spaces

68,633 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The State College commercial real estate market incorporates 517,515 square feet of office space across 19 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The State College commercial real estate market includes 2,022,980 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the State College market, there is a total of 253,000 square feet of industrial property.

The listing inventory in State College incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in State College is represented by Retail space, which accounts for 295,701 square feet of available listings. Office space available in State College adds up to 76,529 square feet.

Meanwhile, most of the listings of commercial property for sale in State College are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in State College is $14.93 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in State College can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in State College, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

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 — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in State College was Office space.

The average size of a commercial property in State College depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In State College, the average size of an office property is 28,751 square feet.
Retail properties here incorporate an average of 144,499 square feet.
Industrial space in State College is in buildings that are, on average 253,000 square feet in size.

State College, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in State College currently add up to 2,010,610 square feet. The market offers 11 active office listing(s), which amount to 76,529 square feet and account for 36% of commercial spaces on the market. Local retail availability includes 295,701 square feet across 13 retail space(s). Industrial space for rent opportunities in State College amount to 66,735 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	11	76,529
Retail	13	295,701
Industrial	1	66,735
Other	5	1,571,645

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in State College, PA. Currently, there is 41,084 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	8	35,000
Retail	1	6,027
Other	4	57

State College, PA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in State College, PA?

What factors affect the price of commercial real estate in State College, PA?

What is the average rent for commercial space in State College, PA?

What are the best areas for commercial real estate in State College, PA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in State College, PA?

State College, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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