On average, listings lease in the $30's per square foot per year. The Centre County submarket is going through a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 12 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 80,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1970 and are Class A.