Central Minneapolis Industrial

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
202
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,600
As of: June 26, 2017

Central Minneapolis Rates

On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is going through a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.

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

Central Minneapolis Listing Supply

In the last 90 days, 202 listings have been posted online, so you'll want to check back regularly for new listings. About 50% of the listings in the Central Minneapolis are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,350 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 6 stories. Most buildings in this market were built in 1923 and are Class B.

Central Minneapolis Community

A large portion of this market 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 occupants. Commuting approximately 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