Most listings are in the $20's per square foot per year. The Warehouse District 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% decrease in rent.
Compared to the rest of the Minneapolis market, the Warehouse District submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 58 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the listings in the Warehouse District 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.
Even though the median size is 4,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1907 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Warehouse District folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.