On average, listings lease in the $20's per square foot per year. The Downtown St. Paul region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
In the last 90 days, 15 listings have come on the market, which means listings are probably 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.
The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this market are close to 6 floors. Most buildings in this area were built in 1936 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown St. Paul residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.