On average, listings lease in the $20's per square foot per year. The Lake Elmo region is going through a a boost in rates. In the last 3 months, the median rate went up $28 per sqft per year. That's a Inf% rise in rent.
In the last 90 days, 2 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 14,820 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 2003 and are Class B.