On average, listings lease in the $0'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 $18 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 11 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 36% of the available leases in the Hiawatha are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 2005.