Central Minneapolis Office Space

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112 N 3rd St - Floor 5 Minneapolis, MN HVAC
Aug 21
2,000
sqft
Office
730 Building - Space Downtown West, Minneapolis, MN  
Sep 18
24,050
sqft
Sublease Office
15 S 5th St - Unit 500 Downtown West, Minneapolis, MN rental rate negotiable
Sep 09
1,000
sqft
Sublease Office Retail Other
T3 - 2 Spaces Warehouse District, Minneapolis, MN  
Sep 01
2,570 - 4,990
sqft
Office
1855 IDS Center - 5 Spaces Minneapolis, MN total expenses: $15.20 per sqft
Aug 22
770 - 12,500
sqft
Office
Plaza Seven - 4 Spaces Downtown West, Minneapolis, MN total expanses: $16.32
Aug 19
1,590 - 7,130
sqft
Office

Central Minneapolis

Market Report

Number of Listings
Posted in the last 90 days
143
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,190

Central Minneapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Minneapolis submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Minneapolis market, the Central Minneapolis region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Central Minneapolis Listing Supply

In the last 90 days, 1781 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases 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 3,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 6 floors. Most buildings in this market were built in 1920 and are Class B.

Central Minneapolis Community

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.

Market Data

Real time and historical data on commercial real estate listings in Central Minneapolis.
Research