On average, listings lease in the $10's per square foot per year. The Mendota Heights region is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.
In the last 90 days, 36 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 47% of the listings in the Mendota Heights are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1993 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Mendota Heights folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.