On average, listings lease in the $20's per square foot per year. The Edina region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decrease in rent.
In the last 90 days, 120 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available space in the Edina are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1979 and are Class B.