The typical asking rate per listing is in the $10's per square foot per year. The Hiawatha submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 11 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 2005.