On average, listings lease in the $30's per square foot per year. The University region is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 20% increase in rent.
In the last 90 days, 16 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings 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 5,390 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1999 and are Class A.