On average, listings lease in the $20's per square foot per year. The Mid-City Industrial region is seeing a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Minneapolis market, the Mid-City Industrial submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been made available, which means new listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 9,110 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1932 and are Class B.
Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Mid-City Industrial residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.