Downtown West Retail Space For Lease

40 S 7th St - 3 Spaces Downtown West, Minneapolis, MN lease rate negotiable
Oct 17
1,390 - 12,560
sqft
Mixed Use Office Retail
15 S 5th St - Unit 500 Downtown West, Minneapolis, MN rental rate negotiable
Sep 09
1,000
sqft
Sublease Office Retail Other

Downtown West

Market Report

Number of Listings For Lease
Posted in the last 90 days
159
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
770

Downtown West Commercial Real Estate

Find Downtown West commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Downtown West commercial real estate broker in Downtown West's Top Broker Directory. Learn about Downtown West commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown West Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Downtown West region is experiencing a a rise in rates. In the last 3 months, the median rate for lease increased $1 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Minneapolis commercial real estate market, the Downtown West submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Downtown West Listing Supply

In the last 90 days, 1315 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Downtown West are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 4,250 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this area were built close to 1958 and are Class B.

Downtown West Community

Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown West folk. Commuting close to 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.
Research