The typical asking rate per listing is in the $30's per square foot per year. The Downtown East submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Minneapolis market, the Downtown East region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,340 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1908 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown East residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.