Most listings are 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 $11 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 12 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 58% of the office spaces in the Centre County are subleases, so you might be able to snag a great spot on a short term. 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 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this market were built in 1970 and are Class A.