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 decreased $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 12 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 67% of the available leases 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 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 floors. Most buildings in this region were built in 1970 and are Class A.