Downtown Duluth Retail

Downtown Duluth

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,520
As of: July 26, 2017

Downtown Duluth Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Duluth submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.

Downtown Duluth Listing Supply

In the last 90 days, 32 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Downtown Duluth are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1908 and are Class A.

Downtown Duluth Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the folk of Downtown Duluth work from home. Commuting close to 30 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 Downtown Duluth.
Market Report

Market Data

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