Loring Park Sublease

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Loring Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
610
As of: January 18, 2017

Loring Park Rates

Most listings are in the $10's per square foot per year. The Loring Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $203 per sqft per year. That's a 92% decrease in rent.

Compared to the rest of the Minneapolis market, the Loring Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Loring Park Listing Supply

In the last 90 days, 8 listings have been posted online, which means listings are probably 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.

The standard measurement for office space in this area is around 750 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1916 and are Class B.

Loring Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Loring Park residents. Commuting approximately 20 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 Loring Park.
Market Report

Market Data

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