Compared to the rest of the Minneapolis market, the Loring Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 31 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Loring Park 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 280 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1916 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Loring Park occupants. Commuting approximately 20 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 Loring Park.
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