The typical asking rate per listing is in the $20's per square foot per year. The Calhoun Isles region is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Minneapolis market, the Calhoun Isles region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,120 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1948 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Calhoun Isles folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.