The typical asking rate per listing is in the $50's per square foot per year. The South St. Paul region is experiencing a an increase in rates. In the last 3 months, the median rate increased $30 per sqft per year. That's a 153% rise in rent.
In the last 90 days, 33 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 21% of the listings in the South St. Paul 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 190 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 2004 and are Class B.
Real time and historical data on commercial real estate listings in South St. Paul.
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