The typical asking rate per listing is in the $20's per square foot per year. The Minneapolis submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
In the last 90 days, 453 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Minneapolis are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,270 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 1927 and are Class B.