On average, listings lease in the $20's per square foot per year. The Central Minneapolis region is going through a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.
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 discounted region.
In the last 90 days, 202 listings have been posted online, so you'll want to check back regularly for new listings. About 50% of the listings in the Central Minneapolis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 6 stories. Most buildings in this market were built in 1923 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 area. 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.