Compared to the rest of the Minneapolis market, the Nicollet Island submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have been posted online, which means new listings are probably leasing quickly. 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.
Even though the median size is 12,590 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1914 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of Nicollet Island work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.