The typical asking rate per listing is in the $20's per square foot per year. The University submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 27 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 74% of the available space in the University are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,340 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1999 and are Class A.