On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 202 listings have been posted online, 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 have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,210 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 7 stories. Most buildings in this region were built in 1920 and are Class B.
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 folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.