On average, listings lease in the $10's per square foot per year. The Downtown St. Paul submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decline in rent.
In the last 90 days, 344 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available space in the Downtown St. Paul 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,750 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 8 floors. Most buildings in this market were built in 1936 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown St. Paul residents. Commuting around 30 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 Downtown St. Paul.
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