Central Minneapolis Office Space

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
202
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,100
As of: July 23, 2017

Central Minneapolis Rates

On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease 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 submarket.

Central Minneapolis Listing Supply

In the last 90 days, 202 listings have come on the market, so you'll want to check back regularly for new listings. About 43% of the listings in the Central Minneapolis 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are approximately 6 stories. Most buildings in this market were built in 1920 and are Class B.

Central Minneapolis Community

A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Minneapolis folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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