The typical asking rate per listing is in the $20's per square foot per year. The Logan Park submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Minneapolis market, the Logan Park region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Logan Park 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 1,820 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1932.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Logan Park residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.