Minneapolis Market Status

Median Rate
$21
/sqft/yr
Since 90 days ago
$16
/sqft/yr
Median Size
3,600
sqft

Concentration of Listing Postings in Minneapolis

Minneapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Minneapolis submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $21 per sqft per year.

Minneapolis Listing Supply

In the last 90 days, 276 listings have come on the market, so you'll want to check back regularly for new listings. About 52% of the available space in the Minneapolis are subleases, so you might be able to snag a great spot on a short term. 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 3,980 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1927 and are Class B.

Minneapolis Community

Subleases

86%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown West $17 543,890 sqft
2. Mid-City Industrial $16 156,760 sqft
3. Warehouse District $16 146,910 sqft
4. Hawthorne $ 86,620 sqft
5. Uptown $20 64,560 sqft
6. Columbia Park $ 50,000 sqft
7. Marshall Terrace $ 28,900 sqft
8. Longfellow $12 21,620 sqft
9. Phillips $ 21,560 sqft
10. North Loop $ 13,000 sqft

Listing Rates by Submarket