The typical asking rate per listing is in the $10's per square foot per year. The Hiawatha region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decrease in rent.
In the last 90 days, 2 listings have come on the market, which means leases 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 3,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market were built in 2005.