On average, listings lease in the $10's per square foot per year. The Middletown submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Middletown 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.
Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1982 and are Class Class B.