On average, listings lease in the $10's per square foot per year. The South St. Paul submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 7 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,020 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 2006 and are Class B.