On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 202 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Central Minneapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,210 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 7 stories. Most buildings in this area were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Minneapolis folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.