On average, listings lease in the $10's per square foot per year. The St. Michael submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $18 per sqft per year.
In the last 90 days, 0 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the St. Michael are subleases, so you will probably have to consider a longer term lease. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 2006.