Central Minneapolis Office Space

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
226
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,960
As of: February 24, 2017

Central Minneapolis Rates

On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.

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

Central Minneapolis Listing Supply

In the last 90 days, 226 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces 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 3,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 7 stories. Most buildings in this market were built in 1922 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 occupants. 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