On average, listings lease in the $20's per square foot per year. The Warehouse District region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Minneapolis market, the Warehouse District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 67 listings have been listed, so you'll want to check back regularly for new listings. About 63% of the office spaces in the Warehouse District 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,080 sqft. Most buildings in this region are close to 5 stories. Most buildings in this region were built in 1906 and are Class B.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Warehouse District residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.