Compared to the rest of the Minneapolis market, the Uptown submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Uptown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,190 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Uptown occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.