On average, listings lease in the $20's per square foot per year. The Madison submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decline in rent.
In the last 90 days, 1 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 36,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 0 and are Class Class A.