On average, listings lease in the $20's per square foot per year. The Warehouse District submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Minneapolis market, the Warehouse District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 64% of the available space in the Warehouse District 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,080 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this market were built in 1906 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Warehouse District occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.