Central Minneapolis Retail

Nic on 5th Listing
Downtown West, Minneapolis, MN
# The Nic on 5th #### available space Up to 6,985 square feet of contiguous space. Street and skyway level spaces available. #### Traffic Generators **Target Field** | 39,504 Capacity | 81 Home Twins Games **Light Rail** | 19 Stops | 10 Million Rides | Averages 30,500 Rides Per Weekday **Target Center** | Averages 225 Event Days Per Year **Nicollet Mall** | Under renovation to be complete summer 2017 **Cities of Minneapoils & St. Paul** | 30.9 M Visitors In 2014 | Spent $7.4 B **Skyway Connects** | 80 Blocks | 1,000 Businesses | 200,000 Pedestrians Per Day **Hennepin Theatre Trust** | 3 Theatres | 5,729 Seats | 230 Event Days Per Year **Upscale Hotels** | 8 Within Walking Distance | 4,100 Rooms **US Bank Stadium** | 73,000 Capacity #### Area Tenants | Marshalls | Marriott Hotel | Rosa Mexicano | Fogo de Chao | | Brooks Brothers | Marquette Hotel | Loews Hotel | Walgreens | | Macy's | Centerpoint | Target | Excel Energy | | Mayo Clinic Square | Minneapolis Central Library | Oceanaire | Saks Off Fifth | Features - 253-unit 26-story luxury apartment tower - Featuring two floors of Retail space (almost 25,000 square feet) - Convenient access to Interstates 94, 394, 35W and Highway 55 - Built in 2014 - Located on Nicollet Pedestrian Mall - Building is LEED certified - Parking facility with approximately 48 dedicated retail parking stalls - On-site security both electronic and foot patrol - Light Rail access in front of building
608 2nd Ave S Listing
Downtown West, Minneapolis, MN
# Northstar Center This prominent set of office towers “Northstar Center” opened in 1962 as the first downtown development to combine a state of the art shopping arena with a hotel, favored restaurants, parking ramp and the areas first rooftop skywalk. Today, Northstar West continues to cater to business professionals offering the amenities downtown employees, and guests, have become accustomed to. #### Restaurant Opportunity 5,000 SF Clean Open Street Level Space NOW Available! #### Available 302 - 9,307 SF Street Level and Skyway #### Traffic Generators **Target Field** | 39,504 Capacity | 81 Home Twins Games **Light Rail** | 19 Stops | 10 Million Rides | Averages 30,500 Rides Per Weekday **Target Center** | Averages 225 Event Days Per Year **Nicollet Mall** | Under major renovations to be complete summer 2017 **Skyway Connects** | 80 Blocks | 1,000 Businesses | 200,000 Pedestrians Per Day **Hennepin Theatre Trust** | 3 Theatres | 5,729 Seats | 230 Event Days Per Year **Upscale Hotels** | 8 Within Walking Distance | 4,100 Rooms **US Bank Stadium**  | 73,000 Capacity #### Area Tenants | Marshalls | Marriott Hotel | Rosa Mexicano | Fogo de Chao | | Brooks Brothers | New Century Theatre | Len Druskin | Allen Edmunds | | Brassarie Zentral | Marquette Hotel | Lowes Hotel | Union Rooftop Restaurant | | Mayo Clinic Square | Mission Kitchen | Sports Authority | Saks Off Fifth (2016) | Features - Two floors of retail, just one block off of Nicollet Mall - Northstar West: 17 Story (625 Marquette Avenue) - Skyway Connected in all directions: Wells Fargo, Six Quebec, Baker, Capella and Rand Tower - All-weather tunnel leading to Lifetime Fitness - Parking On site: 1,000 spaces (enclosed) with easy access on three sides of the tower - 24 Hour On-Site Security - On Site Property Management - The Crowne Plaza Hotel Complimenting the business sector, the attached hotel features 222 rooms, state of the art conference and banquet facilities and boasts cuisine served by Café Northstar and the popular Krona Bar & Grill
Young Quinlan Building Listing
Downtown West, Minneapolis, MN
# Young Quinlan Building #### Property Information **Availability:** 1,415 SF Street Level **Est. Expenses 2016** $9.32 psf CAM $3.95 psf Taxes $13.27 psf Total **Employee Counts\*:** \> 1 Block - 15,806 \> 2 Blocks - 25,757 \> 3 Blocks - 44,939 _\*est. based on currently occupied square feet and industry recognized square feet per employee standards for each property type_ **Demographics:** | Radius | 1 Mile | 3 Miles | 5 Miles | | Population | 35,229 | 247,937 | 454,763 | | Average HH Income | $38,476 | $46,196 | $56,427 | #### Retail Tenants: The Big Cheese Deli | Haskell's | Dunn Bros. Coffee | JB Hudson #### Area Retail Tenants: Chipotle | Zelo | Target | Marshall's | Barnes & Noble | Men's Warehouse | Macy's | The News Room | Manny's | The Melting Pot | McCormick & Schmick's | Brit's Pub | Hell's Kitchen | D. Brian's | D'Amico & Sons | Dakota Jazz Club & Restaurant #### Traffic Generators: **Target Field** (39,504 capacity | 81 Home Twins Games ) **Light Rail** (19 Stops | 10 million rides | 30,500 average rides per weekday) **Target Center** (Averages 225 event days per year) **Nicollet Mall ** (Under major renovations to be completed Summer 2017) **MN Orchestra** (70 events per year) **Skyway Connects** (80 Blocks | 1,00 Businesses | 200,000 Pedestrians per day) Features - Anchor: JB Hudson Jewelers and Haskell's Wine & Spirits - Skyway connections to Retek on the Mall/Target Store and the Medical Arts Building - Skyway Hours: Mon-Fri: 6:00 AM-8:00 PM; Sat: 7:30 AM - 1:00 PM - Built in 1926, renovated in 1988 - Underground parking facility - Security on-site 24 hours a day, 7 days a week - Light Rail four blocks north of the building

Central Minneapolis

Office Space Market Report

Number of Listings (last 90 days)
357
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
7,230
As of: December 3, 2016

Central Minneapolis Rates

On average, listings lease 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 $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Minneapolis market, the Central Minneapolis region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Central Minneapolis Listing Supply

In the last 90 days, 357 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 7 stories. Most buildings in this market were built in 1920 and are Class B.

Central Minneapolis Community

A large portion of this area 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 residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Minneapolis.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Minneapolis.
Research