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.
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.
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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