Minnesota Retail

Minnesota

Office Space Market Report

Number of Listings (last 90 days)
2,902
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,450
As of: May 20, 2017

Minnesota Rates

On average, listings lease in the $20's per square foot per year. The Minnesota region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Minnesota Listing Supply

In the last 90 days, 2902 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Minnesota are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,450 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1984 and are Class B.

Minnesota Community

Market Report

Trends and status of the commercial real estate market in Minnesota.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Minnesota.
Research