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: June 24, 2017

Uptown Rates

Most listings are in the $20's per square foot per year. The Uptown region is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year.

Compared to the rest of the Minneapolis market, the Uptown submarket has more expensive 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 listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available leases in the Uptown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 office spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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 region. Commute by bike is the most popular way to get to work amongst Uptown residents. Commuting close to 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