On average, listings lease in the $10's per square foot per year. The Cedar Falls submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 18 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1976 and are Class A.