Most listings are in the $20's per square foot per year. The Champaign submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 44% decline in rent.
In the last 90 days, 40 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Champaign are subleases, so you will probably have to focus your search on direct office leases. 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 2,840 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1988 and are Class A.