The typical asking rate per listing is in the $20's per square foot per year. The Madison submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 33% increase in rent.
In the last 90 days, 11 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 91% of the office spaces in the Madison 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 1,670 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 2005 and are Class B.