CEDA Completes commercial rent study in Itasca County, MN

Article by: Sarah Carling
CEDA team member, Sarah Carling, who serves the Itasca County Economic Development Corporation, recently produced and presented the results of the Itasca County Commercial Rent Study she conducted. Overall, 739 surveys were sent to commercial property owners with 196 survey responses received. This produced a 26.5% response rate.
Many of the outcomes showed that Itasca County is competitive in price per square foot with other neighboring counties. For example, St. Louis county is $12.07 avg price/sqft where Itasca County is $10.92 avg price/sqft.  Itasca County is focused on promoting the vacant commercial buildings and lots as they are cross promoted on both local and regional sites.