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752 Commercial Real Estate Listings in Minneapolis, MN

Minneapolis, MN Commercial Real Estate

There are currently 757 commercial listings available in Minneapolis, MN. These listings include 972 commercial spaces that encompass a total of 8,158,938 square feet. Available commercial spaces in Minneapolis, MN range in size from 1 square feet to 460,000 square feet. A total of 484 off-market commercial properties located in Minneapolis, MN are also available for research.

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Minneapolis, MN Commercial Real Estate Market Overview

Location Photo

The commercial real estate market in Minneapolis is driven by the city’s diverse economy, which includes finance, commerce, industry and manufacturing, technology and healthcare. In addition to being one of the major economic centers in the Midwest, Minneapolis also benefits from excellent logistical opportunities. Specifically, barges and towboats can reach the city on the Mississippi River, and the Minneapolis-Saint Paul International Airport is within 10 miles of the city’s downtown.

Most of Minneapolis’ portfolio-tier commercial real estate is concentrated in the central business district, which also hosts the corporate headquarters of Fortune 500 companies like Target and U.S. Bancorp. Plus, North Loop is an up-and-coming market for commercial real estate thanks to extensive redevelopment efforts that diversified the neighborhood’s traditional industrial inventory.

Minneapolis, MN Commercial Inventory Breakdown

In 2022 the Minneapolis, MN commercial real estate market totaled 52,281,365 square feet of office spaces, 6,035,907 square feet of office spaces with retail, and 24,339,211 square feet of industrial space.

Office Spaces

Total: 52,281,365 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 5,217,577 SqFt 9.98% of total office
100k to 500k SqFt 22,114,629 SqFt 42.3% of total office
500k to 1M SqFt 15,834,983 SqFt 30.29% of total office
> 1M SqFt 9,114,176 SqFt 17.43% of total office
By class:
Class A+ 8,978,221 SqFt 17.17% of total office
Class A 23,932,365 SqFt 45.78% of total office
Class B 15,473,701 SqFt 29.6% of total office
Class C 1,396,106 SqFt 2.67% of total office
Roughly 30.29% of the total office space in Minneapolis, MN is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 9.98% of the office inventory.

Class A office space holds a 45.78% share of the overall Minneapolis, MN office market, while Class B office assets make up approximately 29.6%.

Industrial

Total: 24,339,211 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 6,036,438 SqFt 24.8% of total industrial
100k to 500k SqFt 15,308,405 SqFt 62.9% of total industrial
500k to 1M SqFt 2,994,368 SqFt 12.3% of total industrial
By class:
Class A 2,445,837 SqFt 10.05% of total industrial
Class B 19,021,795 SqFt 78.15% of total industrial
Class C 2,807,799 SqFt 11.54% of total industrial
There are 15,308,405 square feet of commercial real estate properties between 100k to 500k square feet, representing 62.9% of the Minneapolis, MN industrial inventory. Class A assets total 2,445,837 square feet of industrial space, with an additional 19,021,795 square feet of Class B and 2,807,799 square feet of Class C properties.

Office Spaces with Retail

Total: 6,035,907 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,989,618 SqFt 32.96% of total office with retail
100k to 500k SqFt 4,046,289 SqFt 67.04% of total office with retail

Minneapolis, MN Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Minneapolis, MN Office 178 7,091,257
Minneapolis, MN Retail 86 549,582
Minneapolis, MN Industrial 23 720,878
Minneapolis, MN Other 328 8,455,462
Ofice Icon

178

Office

Industrial Icon

23

Industrial

Retail Icon

86

Retail

Current local active listing encompass 16,817,179 square feet of commercial space for lease in Minneapolis. There are 178 active office listings, which amount to 7,091,257 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 549,582 square feet across 86 listings. Current industrial offerings on the market amount to 720,878 square feet across a total of 23.

Employment in Minneapolis, MN

Employed Population 249,700

Employed population - Industry % Distribution

Management, business, science, and arts occupations

54%

Sales and office occupations

18%

Service occupations

16%

Production, transportation, and material moving occupations

9%

Natural resources, construction, and maintenance occupations

3%

In 2020, roughly 54% of a total of 249,700 employed in Minneapolis worked in Management, business, science, and arts occupations, followed by 18% in Sales and office occupations and 16% in Service occupations.

Income per capita $39,617  Median household income $65,889

Household income

40%

Under $50k

29%

$50k - $100k

22%

$100k - $200k

9%

Over $200k

The median household income in Minneapolis stands at $65,889, with per capita income at $39,617. Households earning between $50k and $100k represent 29% of the total, while those earning over $200k make up 9%. Approximately 40% of Minneapolis households earn less than $50k per year.

Commuting in Minneapolis, MN

Mean travel time to work 24 minutes

Means of transportation to work

60.00%

Driving alone

7.40%

Carpool

11.90%

Public transit

3.90%

Bicycle

7.70%

Walking

2.00%

Other

7.10%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Minneapolis in 2020 was 24 minutes. Around 60.00% of workers commute by Driving alone, 11.90% Public transit and 7.70% by Walking.

Education in Minneapolis, MN

High school grad or higher 91%

Bachelor's degree or higher 52%

Population by minimum level of education

9%

No degree

15%

High school

24%

Some College

32%

Bachelor's

21%

Post-grad

*Universe: Workers 25 and over

An estimated 91% of Minneapolis residents aged 25 or over hold a high school degree or higher. Of those, 15% are high school graduates, 24% attended some college, 32% earned a bachelor's degree, with an additional 21% holding post-graduate degrees.

Minneapolis, MN Demographics

As of 2020, Minneapolis had a total population of 429,605, with a median age of 32.20 years. Roughly 72.10% of the total population was between the ages of 16 and 64 years old.