The typical asking rate per listing is in the $20's per square foot per year. The Bryn Mawr submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Minneapolis market, the Bryn Mawr submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Bryn Mawr are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1959 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Bryn Mawr residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.