Loring Park Commercial Real Estate

Loring Park

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
460

Loring Park Rates

The typical asking rate per listing is in the $10's per square foot per year. The Loring Park submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Minneapolis market, the Loring Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Loring Park Listing Supply

In the last 90 days, 31 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 32% of the office spaces in the Loring Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 460 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1916 and are Class B.

Loring Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Loring Park occupants. Commuting close to 20 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 Loring Park.
Research