The typical asking rate per listing is in the $20's per square foot per year. The Wauwatosa submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Milwaukee County market, the Wauwatosa region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 27 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Wauwatosa are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,500 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1975 and are Class B.