The typical asking rate per listing is in the $10's per square foot per year. The O'Fallon region is going through a decline in rates. In the last 3 months, the median rate decreased $42 per sqft per year. That's a 70% decline in rent.
In the last 90 days, 58 listings have been made available, so you'll want to check back regularly for new listings. About 14% of the office spaces in the O'Fallon 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 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 1,600 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 1999 and are Class B.
Real time and historical data on commercial real estate listings in O'Fallon.
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