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 fell $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 12 listings have come on the market, which means leases are probably 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.
The standard measurement for office space in this area is around 2,060 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 2005 and are Class B.