The typical asking rate per listing is in the $20's per square foot per year. The Normandale Lake District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 32% rise in rent.
In the last 90 days, 5 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,740 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1988 and are Class A.
Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Normandale Lake District folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.