On average, listings lease in the $20's per square foot per year. The Edina region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 55 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the available leases in the Edina are subleases, so you might be able to snag a great spot on a short term. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1978 and are Class B.