Most listings are in the $20's per square foot per year. The Warehouse District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Minneapolis market, the Warehouse District region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Warehouse District are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this region were built in 1910 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Warehouse District occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.