On average, listings lease in the $10's per square foot per year. The Logan Park region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Minneapolis market, the Logan Park submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1930 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Logan Park occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.