The typical asking rate per listing is in the $20's per square foot per year. The Central Minneapolis submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Minneapolis market, the Central Minneapolis submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 359 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Central Minneapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,030 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 7 floors. Most buildings in this area were built in 1920 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Minneapolis occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.