Uptown Retail

Uptown

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
43,560
As of: July 23, 2017

Uptown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Uptown region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Minneapolis market, the Uptown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Uptown Listing Supply

In the last 90 days, 9 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 22% of the available leases in the Uptown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 43,560 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1925 and are Class A.

Uptown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Uptown residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Uptown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Uptown.
Research