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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The East Calhoun region is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $33 per sqft per year.
Compared to the rest of the Minneapolis commercial real estate market, the East Calhoun region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 commercial real estate listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 560 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built around 1902.
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 occupants of East Calhoun work from home. Commuting around 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 East Calhoun.
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