Minnetonka - Hopkins Office Space

Minnetonka - Hopkins

Office Space Market Report

Number of Listings (last 90 days)
141
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,010
As of: March 12, 2017

Minnetonka - Hopkins Rates

On average, listings lease in the $10's per square foot per year. The Minnetonka - Hopkins submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.

Minnetonka - Hopkins Listing Supply

In the last 90 days, 141 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available leases in the Minnetonka - Hopkins are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,010 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1984 and are Class B.

Minnetonka - Hopkins Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Minnetonka - Hopkins folk. 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 Minnetonka - Hopkins.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Minnetonka - Hopkins.
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Minnetonka Submarkets