Most listings are in the $10's per square foot per year. The Longfellow submarket is going through a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Minneapolis market, the Longfellow submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Longfellow 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 available, so finding a space for a small business might be tough.
Even though the median size is 10,810 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built in 1925 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Longfellow occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.