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.
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.