The typical asking rate per listing is in the $20's per square foot per year. The University region is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
In the last 90 days, 3 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available leases 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,440 sqft. Most buildings in this area were built in 2013 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst University folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.