On average, listings lease in the $20's per square foot per year. The Hennepin County submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.
In the last 90 days, 1316 listings have been posted online, so you'll want to check back regularly for new listings. About 40% of the office spaces in the Hennepin County are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1981 and are Class B.