Most listings are in the $20's per square foot per year. The Calhoun Isles region is experiencing a an increase 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 Calhoun Isles region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 45% of the available space in the Calhoun Isles 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 11,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1948 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Calhoun Isles residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.