On average, listings lease in the $10's per square foot per year. The South St. Anthony submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decrease in rent.
In the last 90 days, 1 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,120 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1937 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst South St. Anthony folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.