Longfellow Office Space

Longfellow

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,720
As of: March 1, 2017

Longfellow Rates

The typical asking rate per listing is in the $20's per square foot per year. The Longfellow submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 54% increase in rent.

Compared to the rest of the Minneapolis market, the Longfellow region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Longfellow Listing Supply

In the last 90 days, 2 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,720 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1925 and are Class B.

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 market. 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