The typical asking rate per listing is in the $20's per square foot per year. The Uptown region is seeing a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Minneapolis market, the Uptown submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Uptown folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.