The typical asking rate per listing is in the $10's per square foot per year. The Muncie submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 8 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the listings in the Muncie 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 available, so finding a space for a small business might be tough.
Even though the median size is 77,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1969 and are Class A.