Most listings are in the $20's per square foot per year. The Central Minneapolis submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 202 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,630 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 7 floors. Most buildings in this area were built in 1922 and are Class B.
A large portion of this region 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.