Compared to the rest of the Minneapolis market, the Nicollet Island region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 21% of the listings in the Nicollet Island 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.
Even though the median size is 18,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this area were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the occupants of Nicollet Island work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.