The typical asking rate per listing is in the $20's per square foot per year. The Calhoun Isles region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Minneapolis market, the Calhoun Isles region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 180 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Calhoun Isles are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Calhoun Isles folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Calhoun Isles.
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