What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Forest Lake commercial real estate market incorporates 95,336 square feet of office space across 3 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Forest Lake commercial real estate market includes 1,042,952 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Forest Lake market, there is a total of 111,000 square feet of industrial property.

What types of commercial real estate are available in Forest Lake, MN?

The largest share of commercial real estate space for lease in Forest Lake is represented by Retail space , which accounts for 33,158 square feet of available listings. Office space available in Forest Lake adds up to 24,246 square feet.

What factors affect the price of commercial real estate in Forest Lake, MN?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What are the best areas for commercial real estate in Forest Lake, MN?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Forest Lake, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $16 per square foot.

What is the average size of a commercial property in Forest Lake, MN?

The average size of a commercial property in Forest Lake depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Forest Lake, the average size of an office property is 31,779 square feet. Retail properties here incorporate an average of 61,350 square feet. Industrial space in Forest Lake is in buildings that are, on average 111,000 square feet in size.

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17 Commercial Real Estate Listings in Forest Lake, MN

CRE Market Stats

Northland Plaza

1500 Lake Street South, Forest Lake, MN
For Lease

$14.00 - $16.00/SF/YR
Property

Office

42,879 SF
Availability

3 Spaces

13,256 SF
Year Built

1988
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1420 Lake Street South

1420 Lake Street South, Forest Lake, MN
For Lease

Contact for pricing
Property

Retail

10,000 SF
Availability

1 Space

3,087 SF
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Towers

146 Lake St, Forest Lake, MN
For Lease

Contact for pricing
Property

Office

20,860 SF
Availability

4 Spaces

8,358 SF
Year Built

1986
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Retail / Commercial / Retail on Broadway Ave 24,624 Vehicles Per Day

777 West Broadway Avenue, Forest Lake, MN
For Sale

Subject To Offer
Property

Retail

2,400 SF
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108 12th St SW, Forest Lake, MN

108 12th St SW, Forest Lake, MN
For Sale

Price Negotiable
Property

Retail

39,762 SF
Year Built

1984
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Town Square Building

20 N Lake St, Forest Lake, MN
For Lease

Contact for pricing
Property

Office

31,597 SF
Availability

3 Spaces

4,312 SF
Year Built

1984
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On Broadway Car Wash

955 W Broadway Ave, Forest Lake, Washington County, MN
For Sale

Contact for pricing
Property

Retail

4,680 SF
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Broadway West Retail

1966 Broadway Ave W, Forest Lake, MN
For Lease

Contact for pricing
Property

Retail

17,080 SF
Availability

1 Space

1,151 SF
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Lake Street Plaza

1467 Lake Street South, Forest Lake, MN
For Lease

Contact for pricing
Property

Retail

21,830 SF
Availability

1 Space

15,100 SF
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Off Market
20697 Fenway Avenue North

20697 Fenway Avenue North, Forest Lake, MN
Property

Industrial

111,000 SF
Year Built

2013
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Off Market
1943 Broadway Avenue West

1943 Broadway Avenue West, Forest Lake, MN
Property

Retail

93,168 SF
Year Built

1992
Off Market
22800 Everton Avenue North

22800 Everton Avenue North, Forest Lake, MN
Property

Retail

162,205 SF
Year Built

1996
Off Market
200 12th Street SW

200 12th Street SW, Forest Lake, MN
Property

Retail

183,622 SF
Year Built

1994
Off Market
Westlake Center

119 12th Street SW, Forest Lake, MN
Property

Retail

107,383 SF
Year Built

1998
Off Market
Lake Shoppes

816 Lake Street South, Forest Lake, MN
Property

Retail

65,494 SF
Year Built

1977
Off Market
2009 & 2013 Broadway Avenue West

2013 Broadway Avenue West, Forest Lake, MN
Property

Retail

95,053 SF
Year Built

2001
Off Market
356 12th Street SW

356 12th Street SW, Forest Lake, MN
Property

Retail

125,884 SF
Year Built

1999