On average, listings lease in the $20's per square foot per year. The Downtown State College submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 0 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the listings in the Downtown State College are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,100 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown State College residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.