On average, listings lease in the $20's per square foot per year. The Faribault submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $25 per sqft per year.
In the last 90 days, 13 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Faribault 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 420 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 2003 and are Class B.