The typical asking rate per listing is in the $20's per square foot per year. The Waunakee region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 29% decrease in rent.
In the last 90 days, 4 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Waunakee are subleases, so you might be able to find a shorter term or below market rent. 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 2,240 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 2003.