Longfellow Sublease

Longfellow

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,720
As of: February 24, 2017

Longfellow Rates

Most listings are in the $20's per square foot per year. The Longfellow region is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 54% rise in rent.

Compared to the rest of the Minneapolis market, the Longfellow submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Longfellow Listing Supply

In the last 90 days, 2 listings have been posted online, which means leases 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,720 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1925 and are Class B.

Longfellow Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Longfellow folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Longfellow.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Longfellow.
Research