Hennepin County Industrial

Hennepin County

Office Space Market Report

Number of Listings (last 90 days)
1,636
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,950
As of: January 19, 2017

Hennepin County Rates

The typical asking rate per listing is in the $20's per square foot per year. The Hennepin County submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

Hennepin County Listing Supply

In the last 90 days, 1506 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Hennepin County are subleases, so you will probably have to consider a longer term lease. 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 3,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1981 and are Class B.

Hennepin County Community

Market Report

Trends and status of the commercial real estate market in Hennepin County.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hennepin County.
Research