Downtown West Retail

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Colliers International
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15 S 5th St - Unit 500 Downtown West, Minneapolis, MN rental rate negotiable
Sep 09
Sublease Office Retail Other
701 Hennepin Ave - 2 Spaces Downtown West, Minneapolis, MN rate is negotiable
Aug 15
2,140 - 7,830
Retail Restaurant
651 Nicollet Mall - Unit 221 Downtown West, Minneapolis, MN rate negotiable
Jul 15
Office Retail

Downtown West

Market Report

Number of Listings
Posted in the last 90 days
Median Rate ($/sqft/yr)
Median Size (sqft)

Downtown West Rates

Most listings are in the $20's per square foot per year. The Downtown West region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Minneapolis market, the Downtown West region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Downtown West Listing Supply

In the last 90 days, 1315 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the Downtown West are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,750 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 12 stories. Most buildings in this market were built in 1962 and are Class B.

Downtown West Community

Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown West occupants. Commuting approximately 15 minutes 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 Downtown West.