On average, listings lease in the $20's per square foot per year. The Champaign region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 40 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Champaign are subleases, so you will probably have to consider a longer term 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 2,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1988 and are Class A.