On average, listings lease in the $40's per square foot per year. The Owatonna submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.
In the last 90 days, 11 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most properties in this region are close to 1 stories. Most buildings in this market were built in 2006.