Uptown Sublease

Uptown

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
43,560
As of: June 22, 2017

Uptown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Uptown region is seeing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Minneapolis market, the Uptown submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Uptown Listing Supply

In the last 90 days, 9 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the office spaces in the Uptown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 43,560 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1925 and are Class A.

Uptown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Uptown residents. Commuting close to an hour 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 Uptown.
Market Report

Market Data

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