Longfellow Industrial

Longfellow

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,720
As of: February 26, 2017

Longfellow Rates

On average, listings lease in the $20's per square foot per year. The Longfellow region is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 54% increase in rent.

Compared to the rest of the Minneapolis market, the Longfellow submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Longfellow Listing Supply

In the last 90 days, 2 listings have been listed, which means listings are probably going fast. 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 6,720 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this region were built in 1925 and are Class B.

Longfellow Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Longfellow residents. Commuting between 30 and 45 minutes 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 Longfellow.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Longfellow.
Research