Nicollet Island Sublease

Nicollet Island

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Nicollet Island Rates

The typical asking rate per listing is in the $10's per square foot per year. The Nicollet Island region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

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

Nicollet Island Listing Supply

In the last 90 days, 6 listings have come on the market, which means listings 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 12,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1914 and are Class B.

Nicollet Island Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of Nicollet Island work from home. Commuting around 10 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 Nicollet Island.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Nicollet Island.