Most listings are in the $30's per square foot per year. The Madison region is experiencing a a rise in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 71% increase in rent.
In the last 90 days, 11 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 64% of the listings in the Madison are subleases, so you might be able to find a shorter term or below market rent. 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 1,200 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2005 and are Class B.