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Commercial Real Estate in Minneapolis, MN - 239 Properties Available

Minneapolis, MN Economic Overview

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Situated along the Mississippi River, the City of Minneapolis is the largest city in the state of Minnesota, with a population last estimated at 410,939, in 2015. As the twin city to the state’s capitol, St. Paul, the Minneapolis/St.Paul region are commonly referred to as the Twin Cities and together form the second-largest economic center in the Midwest, behind Chicago. Minneapolis has a vibrant art and music scene, formed around the iconic Guthrie Theater and First Avenue. Economic prospects are promising for this city, as developments in both commercial and residential space grow at a seemingly insatiable rate.

Minneapolis’ economy is based largely in commerce, finance, rail and trucking services, healthcare, and industry. Other smaller contributing sectors include publishing, milling, food processing, graphic arts, insurance, education, and high technology. With such a diverse economy, investors in any field can find a market here. There are also five Fortune 500 corporations within the Minneapolis city limits: Target, U.S. Bancorp, Xcel Energy, Ameriprise Financial, and Thrivent Financial.

Minneapolis, MN Commercial Real Estate Market

The developments taking place in Minneapolis are pushing the city ever forward. There is great incentive for investors to consider this city: accessible transportation, university research and development expenditures, highly-educated work force, and energy conservation are held above national average. It is a great time to turn to the commercial real estate market in Minneapolis.

Downtown Minneapolis: Home to most of Minneapolis’ high-rise office buildings, Downtown East and Downtown West Minneapolis offer a lot of potential in commercial real estate. The most notable project the area has seen is the development of the U.S. Bank Stadium, the new home for the Minnesota Vikings, estimated at $1.1 billion dollars upon completion. When the stadium was unveiled in 2013, over $1 billion in development was announced in the areas surrounding the new stadium. It is expected to generate new revenue from both locals and tourists.

The North Loop: Commonly known as the Minneapolis Warehouse District by locals, the North Loop is an up and coming development area with a lot of potential for investors. Old warehouse factories have been converted into loft condominium and commercial space that preserves the feel of its industrial past, while also progressing the neighborhood. As with Downtown Minneapolis’ new stadium for the Vikings, the most notable development in the North Loop was built in the name of supporting a local sports team--the Minnesota Twins. The new Target Field was opened in 2010 and, since then, developments for condominiums and apartments have been built near the new field. Furthermore, the city has worked to make metro lines accessible in the North Loop, to help residents commute and tourists visit the area more easily.

Minneapolis, MN Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Minneapolis, MN Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Minneapolis, MN Commercial Inventory Breakdown

Office Spaces

Total: 48,754,554 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 4,069,686 SF / 8.35% of total office
  • 100k to 500k SF: 20,454,576 SF / 41.95% of total office
  • 500k to 1M SF: 14,966,116 SF / 30.7% of total office
  • > 1M SF: 9,264,176 SF / 19% of total office

By class:

  • Class A+: 8,725,221 SF / 17.9% of total office
  • Class A: 23,948,629 SF / 49.12% of total office
  • Class B: 14,182,905 SF / 29.09% of total office
  • Class C: 467,370 SF / 0.96% of total office

Employment in Minneapolis, MN


The unemployment rate in Minneapolis is 3.7%, considerably lower than the national average of 5.2%. listed below are the top economy sectors, by workforce, as well as the percentage of Minneapolis residents they employ:

  • Sales, Office, Administrative Support (21.06%);
  • Management, Business, Finance (18.05%);
  • Engineering, Computers, Science (8.32%);
  • Production, Transportation, Material Moving (8.19%);
  • Food Preparation, Serving (7.56%).

Notable employers in Minneapolis include General Mills, Target Corp., Target Stores Inc., Best Buy, 3M, and Wells Fargo.

Education in Minneapolis, MN

In the Minneapolis/St. Paul area, 51.5% of the residents have a bachelor's degree or higher. There are several important education institutions in Minneapolis, including the University of Minnesota, which dominates the collegiate scene in the Twin Cities. More than 50,000 undergraduate, graduate, and professional students attend the U of M and it is the fourth largest campus in the U.S. for a public, four-year university, in terms of enrollment. Other important educational institutions in Minneapolis include Augsburg College, the Minneapolis College of Art and Design, North Central University, and Capella University. The most common fields of academic interest for undergraduates are General Business Administration and Management, Nursing, and General Psychology.

Commuting Time in Minneapolis, MN

The average commute time for Minneapolis residents is 22.56 minutes, slightly below the national average of 24.8 minutes. Approximately 61.55% of residents commute by way of car and 8.3% of commuters carpool. About 13.48 % of residents commute by way of public transportation and Minneapolis has worked to improve their public transportation system for the city even further. Currently, the city is working to develop a light rail that increases connectivity to surrounding suburbs. Lastly, 3.91% of commuters travel by way of bike, which is no surprise, considering that Minneapolis is one of the most bike-friendly cities in the world; winter does little to discourage their committed biking commuters.

Minneapolis Demographics


  • Total Population411,452
  • Male Population(50.6 %) 208,322
  • Female Population(49.4 %) 203,130
  • Median Age32.10


  • Average Household Income$81,550
  • Median Household Income$55,720
  • Median Income Under 25$27,918
  • Median Income 25-44$64,037
  • Median Income 45-64$60,690
  • Median Income Over 65$39,632

Residential Rents in Minneapolis, MN

As with most of the rental trends in the U.S., demand for rental space has increased in Minneapolis in the past few years. The average cost for an apartment is $1,266/month. The average studio apartment is $924/month, for a one bedroom the average is $1,179/month, and 2-bedrooms go for $1,543/month. The average size of an apartment in Minneapolis is 796 square feet. A studio apartment is 508 square feet, a one bedroom is 702 square feet, and a 2 bedroom is 972 square feet.


There are many variables to consider when looking for commercial assets. You may be looking to lease space for your company or to purchase a building outright as an investment. Every market across the country has its own pros and cons, but historically the central business district is where the ...

Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...

According to an article recently published by the Twin Cities Business Journal, San Francisco-based real estate investment company, Shorenstein wants to market the 1.1 million-square-foot Washington Square office complex it currently holds title to in downtown Minneapolis. The source, who chose ...

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Minneapolis, MN. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 9222 square feet and 320214 square feet. Discover the right property from our 239 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.