The typical asking rate per listing is in the $10's per square foot per year. The Logan Park region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 18% 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 depreciated region.
In the last 90 days, 8 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Logan Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,230 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market 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 region. Commute by car is the most popular way to get to work amongst Logan Park residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.