Most listings are in the $20's per square foot per year. The Downtown West 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 Downtown West region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 142 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Downtown West 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 4,640 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this area were built in 1962 and are Class B.
Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown West folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.