Faribault Retail

Faribault

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
420
As of: July 26, 2017

Faribault Rates

The typical asking rate per listing is in the $20's per square foot per year. The Faribault region is seeing a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year.

Faribault Listing Supply

In the last 90 days, 13 listings have come on the market, which means office spaces most likley are 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 available, 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 properties in this area are around 1 stories. Most buildings in this region were built in 1999 and are Class B.

Faribault Community

Market Report

Trends and status of the commercial real estate market in Faribault.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Faribault.
Research

Rice County Submarkets