Most listings are in the $20's per square foot per year. The Downtown East region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Minneapolis market, the Downtown East region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 14,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this market were built in 1908 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown East residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.