The typical asking rate per listing is in the $20's per square foot per year. The Central Minneapolis submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 202 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Central Minneapolis are subleases, so you will probably have to consider a longer term lease. 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 3,630 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this region were built in 1922 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Minneapolis residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.