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.
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.
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.