Most listings are in the $10's per square foot per year. The Madison region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 23% decline in rent.
In the last 90 days, 37 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the Madison 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 1999 and are Class B.
Real time and historical data on commercial real estate listings in Madison.
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