The typical asking rate per listing is in the $10's per square foot per year. The Madison submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 18% decline in rent.
In the last 90 days, 14 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. 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 2,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 2005 and are Class B.