Most listings are 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 listings in the Centre County are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, 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 region are around 3 floors. Most buildings in this area were built in 1970 and are Class A.