The typical asking rate per listing is in the $10's per square foot per year. The Cedar Falls submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.
In the last 90 days, 6 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Cedar Falls 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 1984 and are Class A.