Most listings are in the $10's per square foot per year. The Lake Elmo submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $20 per sqft per year.
In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 21% of the available space in the Lake Elmo are subleases, so you might be able to find a shorter term or below market rent. 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 2,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 2002 and are Class B.