On average, listings lease in the $10's per square foot per year. The Jordan submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Minneapolis market, the Jordan region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 14 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 21% of the office spaces in the Jordan are subleases, so you might be able to snag a great spot on a short term. 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 2,310 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1954 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Jordan folk. Commuting close to an hour and a half 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 Jordan.
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