The typical asking rate per listing is in the $0's per square foot per year. The Payne - Phalen region is seeing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Payne - Phalen residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.