The typical asking rate per listing is in the $10's per square foot per year. The Hamline - Midway region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decrease in rent.
In the last 90 days, 14 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 12,452 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 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 area. Commute by public transit is the most popular way to get to work amongst Hamline - Midway folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.