The typical asking rate per listing is in the $10's per square foot per year. The Hamline - Midway submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 9 listings have been listed, which means new availabilities are probably going fast. 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.
Even though the median size is 16,220 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1948 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hamline - Midway residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.