On average, listings lease in the $10's per square foot per year. The Logan Park region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Minneapolis market, the Logan Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Logan Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1930 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Logan Park occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.