Central Minneapolis Commercial Real Estate

700 S 3rd St - Floor 1 Minneapolis, MN reantal rate negotiable
Oct 16
4,000
sqft
Mixed Use Retail Hotel Restaurant
730 Building - Space Downtown West, Minneapolis, MN  
Oct 16
24,050
sqft
Sublease Office
15 S 5th St - Unit 500 Downtown West, Minneapolis, MN rental rate negotiable
Sep 09
1,000
sqft
Sublease Office Retail Other
T3 - 2 Spaces Warehouse District, Minneapolis, MN  
Sep 01
2,570 - 4,990
sqft
Office

Central Minneapolis

Market Report

Number of Listings
Posted in the last 90 days
213
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,740

Central Minneapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Minneapolis region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Minneapolis Listing Supply

In the last 90 days, 1781 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the office spaces 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 4,370 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 6 stories. Most buildings in this market were built in 1920 and are Class B.

Central Minneapolis Community

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.

Market Data

Real time and historical data on commercial real estate listings in Central Minneapolis.
Research