University Retail Space For Lease

University

Market Report

Number of Listings For Lease
Posted in the last 90 days
19
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
950

University Commercial Real Estate

Find University 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 University commercial real estate broker in University's Top Broker Directory. Learn about University commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

University Rates

On average, commerial real estate listings lease in the $20's per square foot per year. The University region is going through a decline in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.

Compared to the rest of the Minneapolis commercial real estate market, the University submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

University Listing Supply

In the last 90 days, 211 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the University 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 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 950 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built around 1960 and are Class B.

University Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst University residents. Commuting under 5 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 University.
Research