On average, listings lease in the $20's per square foot per year. The Hamline - Midway submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Hamline - Midway are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 880 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1948 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hamline - Midway occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Hamline - Midway.
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