Minneapolis Retail

Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
276
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,240
As of: July 26, 2017

Minneapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Minneapolis submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.

Minneapolis Listing Supply

In the last 90 days, 276 listings have been made available, so you'll want to check back regularly for new listings. About 43% of the office spaces in the Minneapolis 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,380 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1927 and are Class B.

Minneapolis Community

Market Report

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

Market Data

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