The typical asking rate per listing is in the $30's per square foot per year. The Centre County region is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% rise in rent.
In the last 90 days, 12 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 80,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1970 and are Class A.