The typical asking rate per listing is in the $10's per square foot per year. The Faribault region is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 37% decline in rent.
In the last 90 days, 58 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Faribault 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,610 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1999 and are Class B.
Real time and historical data on commercial real estate listings in Faribault.
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