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: June 23, 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 experiencing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Downtown Duluth Listing Supply

In the last 90 days, 32 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the Downtown Duluth 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,520 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. 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 residents 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