On average, listings lease in the $20's per square foot per year. The University submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 25 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the University 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.
The standard measurement for office space in this area is around 2,130 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 2001 and are Class A.