Longfellow Office Space

Longfellow

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
10,810
As of: June 23, 2017

Longfellow Rates

Most listings are in the $10's per square foot per year. The Longfellow region is experiencing a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year.

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

Longfellow Listing Supply

In the last 90 days, 2 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Longfellow 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.

Even though the median size is 10,810 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1925 and are Class C.

Longfellow Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Longfellow residents. Commuting between 30 and 45 minutes 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 Longfellow.
Market Report

Market Data

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