The typical asking rate per listing is in the $20's per square foot per year. The Mid-City Industrial submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Minneapolis market, the Mid-City Industrial submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 5,610 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1932 and are Class B.
Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Mid-City Industrial folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.