University Industrial

University

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,430
As of: January 16, 2017

University Rates

On average, listings lease in the $10's per square foot per year. The University submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

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

University Listing Supply

In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. 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 4,050 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1932 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 market. Commute by bike is the most popular way to get to work amongst University occupants. 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