On average, listings lease in the $10's per square foot per year. The St. Michael submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.
In the last 90 days, 13 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the St. Michael 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 2004.
Real time and historical data on commercial real estate listings in St. Michael.
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