Most listings are in the $30's per square foot per year. The Calhoun Isles submarket is going through a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 40% rise in rent.
Compared to the rest of the Minneapolis market, the Calhoun Isles submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the available space in the Calhoun Isles 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.
The standard measurement for office space in this area is around 1,860 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1953 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 market. Commute by walking is the most popular way to get to work amongst Calhoun Isles occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.