On average, listings lease in the $20's per square foot per year. The Plymouth - Wayzata region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 22 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Plymouth - Wayzata occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.