Most listings are in the $50's per square foot per year. The South St. Paul submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a 153% rise in rent.
In the last 90 days, 33 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 21% of the office spaces in the South 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.
The standard measurement for office space in this area is around 190 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 2004 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst South St. Paul occupants. Commuting more than an hour and a half 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 South St. Paul.
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