Most listings are in the $20's per square foot per year. The Mid-City Industrial region is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Minneapolis market, the Mid-City Industrial region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 88% of the listings in the Mid-City Industrial 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 available, so finding a space for a small business might be tough.
Even though the median size is 11,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1932 and are Class A.
Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Mid-City Industrial folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.