On average, listings lease in the $20's per square foot per year. The Centre County region is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 12 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 58% of the office spaces 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 available, 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 approximately 3 stories. Most buildings in this region were built in 1970 and are Class A.