Most listings are in the $20's per square foot per year. The Warehouse District submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Minneapolis market, the Warehouse District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the Warehouse District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this market were built in 1907 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. 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.