On average, listings lease in the $10's per square foot per year. The Madison region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 23% decrease in rent.
In the last 90 days, 37 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the available space in the Madison 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.
Even though the median size is 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1999 and are Class B.
Real time and historical data on commercial real estate listings in Madison.
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