On average, listings lease in the $20's per square foot per year. The Warehouse District region is going through 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 Warehouse District submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 61 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the listings in the Warehouse District are subleases, so you will probably have to focus your search on direct office leases. 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 4,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this area were built in 1907 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Warehouse District occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.