On average, listings lease in the $10's per square foot per year. The Hiawatha submarket is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 27% increase in rent.
In the last 90 days, 11 listings have been posted online, which means listings most likley are leasing quickly. 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 new availabilities below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 2005.