Central Minneapolis Office Space

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
202
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,210
As of: May 20, 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 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.

Central Minneapolis Listing Supply

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.

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 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.

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