On average, listings lease in the $30's per square foot per year. The West Calhoun region is experiencing a a boost in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Minneapolis market, the West Calhoun region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 25 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 750 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of West Calhoun work from home. Commuting around 30 minutes 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 West Calhoun.
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