The typical asking rate per listing is in the $10's per square foot per year. The Centre County region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 20% of the listings in the Centre County are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1970 and are Class A.
Real time and historical data on commercial real estate listings in Centre County.
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