Lyn Lake Industrial

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Lyn Lake

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Lyn Lake Rates

On average, listings lease in the $30's per square foot per year. The Lyn Lake submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $38 per sqft per year. That's a Inf% rise in rent.

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

Lyn Lake Listing Supply

In the last 90 days, 2 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 320 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1913 and are Class B.

Lyn Lake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Lyn Lake folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.