Central Minneapolis Industrial

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
248
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,978
As of: February 20, 2017

Central Minneapolis Rates

On average, listings lease in the $20's per square foot per year. The Central Minneapolis submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decrease in rent.

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

Central Minneapolis Listing Supply

In the last 90 days, 248 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Central Minneapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,978 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 7 floors. Most buildings in this market were built in 1922 and are Class B.

Central Minneapolis Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Minneapolis residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Minneapolis.
Market Report

Market Data

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