Compared to the rest of the Minneapolis market, the Loring Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 610 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1916 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Loring Park occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.