On average, listings lease in the $0's per square foot per year. The Iowa City region is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,030 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1978 and are Class A.