Most listings are in the $10's per square foot per year. The Lake Elmo submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.
In the last 90 days, 19 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 32% of the listings in the Lake Elmo 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 2002 and are Class B.