The typical asking rate per listing is in the $20'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 $28 per sqft per year.
In the last 90 days, 3 listings have come on the market, which means leases are probably 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.
Even though the median size is 14,820 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 2003 and are Class B.