On average, listings lease in the $10's per square foot per year. The Merritt Island region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decline in rent.
In the last 90 days, 34 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the Merritt Island 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 2,250 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1989 and are Class B.