The typical asking rate per listing is in the $20's per square foot per year. The Central Minneapolis region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1781 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Central Minneapolis 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,370 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 6 stories. Most buildings in this market were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Minneapolis residents. Commuting approximately 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 Central Minneapolis.
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