The typical asking rate per listing is in the $10's per square foot per year. The Mendota Heights region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 36 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the available leases in the Mendota Heights 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.
Even though the median size is 2,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1993 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Mendota Heights residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.