Most listings are in the $20's per square foot per year. The University region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 27 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the listings in the University are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,040 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1999 and are Class A.