On average, listings lease in the $10's per square foot per year. The Madison Center submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 4 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,550 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1990.