Central Minneapolis Office Space

50 South 6th St Listing
Minneapolis, MN
# Fifty South Sixth - Sublease Completed in 2001, Fifty South Sixth, a 29-story Class A office building of world-class quality, has efficient, cost-competitive design and state-of-the-art mechanical, electrical and vertical transportation systems. Fifty South Sixth was designed from the inside out to boost the productivity of people and their companies. Large efficient floor-plates reduce redundant functions, improve work flow and enhance communications. On site amenities include two destination restaurants, two deli-style restaurants, a small sundries/convenience store, a quality coffee shop, a retail banking location, on-site bicycle storage and an ATM machine. The building also contains a first-class childcare center able to accommodate 110 children ranging from infant to pre-kindergarten. Built around convenience, the building's four skyway connections provide convenient access to restaurants, retail, hotels, public transportation and entertainment. #### property information - Connected to the Minneapolis Skyway system at four locations - On-site amenities include - Kinderberry Hill Child Development Center - Oceanaire Seafood Room - Ike's Food and Cocktails - Chipotle Mexican Grill - Caribou Coffee - Brothers Deli - Consistent winner of Energy Star Award by the EPA - LEED® Gold Rated - Parking Garage - Generous parking ratio - 1:1,500 - Nearly twice the ratio of similar buildings - Reserved spaces: $375/month - Unreserved spaces: $310/month - Professionally Managed by Hines

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
356
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
7,230
As of: December 9, 2016

Central Minneapolis Rates

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

Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Central Minneapolis Listing Supply

In the last 90 days, 354 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available space in the Central Minneapolis are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 7,162 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 7 floors. Most buildings in this area were built in 1920 and are Class B.

Central Minneapolis Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Minneapolis residents. Commuting around 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