On average, listings lease in the $20's per square foot per year. The Minnetonka - Hopkins region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 25 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,620 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1984 and are Class B.
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 region. Commute by motorcycle is the most popular way to get to work amongst Minnetonka - Hopkins occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.