The typical asking rate per listing is in the $20's per square foot per year. The Centre County submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 8 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1970 and are Class A.