On average, listings lease in the $10's per square foot per year. The Lawrence submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 20% decrease in rent.
In the last 90 days, 20 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the Lawrence are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 430 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1922 and are Class B.