University Industrial

University

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
5,610
As of: July 23, 2017

University Rates

Compared to the rest of the Minneapolis market, the University submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

University Listing Supply

In the last 90 days, 39 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% of the listings in the University 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,610 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1935 and are Class B.

University Community

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 bike is the most popular way to get to work amongst University folk. Commuting under 5 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 University.
Market Report

Market Data

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