The typical asking rate per listing is in the $20's per square foot per year. The University region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decline in rent.
In the last 90 days, 27 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the University are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,040 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1999 and are Class A.