Most listings are in the $10's per square foot per year. The Stevens Square submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Minneapolis market, the Stevens Square region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 14 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Stevens Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,180 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Stevens Square occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Stevens Square.
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