On average, listings lease in the $10's per square foot per year. The Cedar Falls submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 17 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1976 and are Class A.