Central Minneapolis Industrial

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
353
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
7,230
As of: December 5, 2016

Central Minneapolis Rates

On average, listings lease in the $20's per square foot per year. The Central Minneapolis 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 3% decline in rent.

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 undervalued submarket.

Central Minneapolis Listing Supply

In the last 90 days, 357 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Central Minneapolis are subleases, so you will probably have to consider a longer term lease. 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 7,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 7 stories. Most buildings in this market were built in 1920 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 region. Commute by car is the most popular way to get to work amongst Central Minneapolis residents. Commuting around 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