On average, listings lease in the $20's per square foot per year. The Calhoun Isles submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Minneapolis market, the Calhoun Isles region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Calhoun Isles are subleases, so you will probably have to focus your search on direct office leases. 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 3,930 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1953 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Calhoun Isles occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.