The typical asking rate per listing is in the $10's per square foot per year. The Augustana region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 5 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Augustana are subleases, so you might be able to snag a great spot on a short term. 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 1,110 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1954 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the occupants of Augustana work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.