Most listings are in the $10's per square foot per year. The Loring Park region is going through a decline in rates. In the last 3 months, the median rate fell $203 per sqft per year. That's a 92% decline in rent.
Compared to the rest of the Minneapolis market, the Loring Park region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, 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 buildings in this region are approximately 2 floors. Most buildings in this region 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 region. Commute by public transit is the most popular way to get to work amongst Loring Park residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.