The typical asking rate per listing is in the $20's per square foot per year. The University region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 27 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 89% of the available space in the University 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,340 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1999 and are Class A.