Minneapolis Office Space

19 1st St S Space
Downtown West, Minneapolis, MN
Newly rehabbed office space available in downtown Minneapolis. This is a first floor office suite with three private offices. I'm looking to share the space (I only need one office) but am open to leasing the entire space if you're looking for more space. Two notes.... 1-There isn't a sink in the unit so unfortunately the space won't work for massage or similar businesses. 2-I'm open to hearing your thoughts on price but please let me know before we do a snowing. If you wanted to propose a different price than I've listed. Options for the space include: #1 - Entire suite - $1,850/mo. This includes all three offices and access to one parking spot for free. #2 - Large office - $750/mo This includes a larger private office, a small waiting area (big enough for a desk or workspace). This is the office at the end - and is a really great space with floor to ceiling windows. #3 - Middle office + access to common area - $500/mo This is the middle office in the diagram. No exterior window but there's a window into the office (overlooking the waiting area) which lets in good light. #4 - Smaller office + access to common area - $350/mo This is a small office without a window and the end of office in the diagram. This fee includes wifi, heat/AC, and electric. Cable or upgraded wifi is additional. Parking is available at $110/mo at a nearby lot and I can arrange this and include with rent. Ideally looking for 12 month lease, but I'm open to six month or shorter if that' helps. Realtors - happy to offer 3% commission if you bring a tenant.

Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
276
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,400
As of: March 11, 2017

Minneapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Minneapolis region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Minneapolis Listing Supply

In the last 90 days, 276 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Minneapolis are subleases, so you will probably have to consider a longer term lease. 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 3,400 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1927 and are Class B.

Minneapolis Community

Market Report

Trends and status of the commercial real estate market in Minneapolis.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Minneapolis.
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