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 Hastings commercial real estate market incorporates 159,904 square feet of office space across 4 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 Hastings commercial real estate market includes 783,384 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 Hastings market, there is a total of 670,670 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Hastings is represented by Industrial space , which accounts for 11,900 square feet of available listings. Retail space available in Hastings adds up to 8,714 square feet.

What factors affect the price of commercial real estate in Hastings, 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 Hastings, 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 Hastings, 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 $15 per square foot.

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

The average size of a commercial property in Hastings 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 Hastings, the average size of an office property is 39,976 square feet. Retail properties here incorporate an average of 111,912 square feet. Industrial space in Hastings is in buildings that are, on average 111,778 square feet in size.

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17 Commercial Real Estate Listings in Hastings, MN

CRE Market Stats

Midtown Shopping Center

1100-1214 Vermillion Street, Hastings, MN
For Lease

Contact for pricing
Property

Retail

59,061 SF
Availability

2 Spaces

8,714 SF
View Details (opens in new window)
725 Spiral Blvd

725 Spiral Blvd, Hastings, MN
For Lease

$10.00 - $15.00/SF/YR
Property

Industrial

35,910 SF
Availability

2 Spaces

13,600 SF
View Details (opens in new window)
1313-1325 South Frontage Road

1313-1325 South Frontage Road, Hastings, MN
For Sale

$2,000,000
Property

Retail

36,786 SF
View Details (opens in new window)
1901 Glendale Road

1901 Glendale Road, Hastings, MN
For Sale

Contact for pricing
Property

Industrial

6,192 SF
Year Built

2013
View Details (opens in new window)
Off Market
1355 South Frontage Road

1355 South Frontage Road, Hastings, MN
Property

Retail

139,092 SF
Year Built

1976
Off Market
800 10th Street East

800 10th Street East, Hastings, MN
Property

Industrial

97,498 SF
Year Built

1960
Off Market
Crossroads Mall

225 33rd Street West, Hastings, MN
Property

Retail

92,960 SF
Year Built

1990
Off Market
Allina Health Hastings Clinic

1880 North Frontage Road, Hastings, MN
Property

Office

50,000 SF
Year Built

2017
Off Market
Hastings Marketplace

1729 Market Blvd, Hastings, MN
Property

Retail

97,535 SF
Year Built

2002
Off Market
875 General Sieben Drive

875 General Sieben Drive, Hastings, MN
Property

Retail

126,225 SF
Year Built

1999
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Off Market
3005 Millard Avenue

3005 Millard Avenue, Hastings, MN
Property

Industrial

100,756 SF
Year Built

1997
Off Market
1210 West 1st Street

1210 West 1st Street, Hastings, MN
Property

Office

36,427 SF
Year Built

1988
Off Market
1752 North Frontage Road

1752 North Frontage Road, Hastings, MN
Property

Retail

231,725 SF
Year Built

2002
Off Market
1285 Nininger Road

1285 Nininger Road, Hastings, MN
Property

Office

39,344 SF
Year Built

1972
Off Market
600 Smead Blvd

600 Smead Blvd, Hastings, MN
Property

Industrial

303,706 SF
Year Built

1962
Off Market
1620 & 1640 South Frontage Road

1620 South Frontage Road, Hastings, MN
Property

Office

34,133 SF
Year Built

2005
Off Market
Intek Plastics Headquarters

1000 Spiral Blvd, Hastings, MN
Property

Industrial

126,608 SF
Year Built

1985

Frequently Asked Questions

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 Hastings commercial real estate market incorporates 159,904 square feet of office space across 4 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 Hastings commercial real estate market includes 783,384 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 Hastings market, there is a total of 670,670 square feet of industrial property.
The largest share of commercial real estate space for lease in Hastings is represented by Industrial space, which accounts for 11,900 square feet of available listings. Retail space available in Hastings adds up to 8,714 square feet.
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.
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 Hastings, 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.
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!
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 $15 per square foot.
The average size of a commercial property in Hastings 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 Hastings, the average size of an office property is 39,976 square feet.
- Retail properties here incorporate an average of 111,912 square feet.
- Industrial space in Hastings is in buildings that are, on average 111,778 square feet in size.

Hastings, MN Commercial Real Estate Inventory Breakdown

In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.

Total Office Space in Hastings: 159,904 Sq. Ft.

In Hastings, the largest share of office space is in office properties sized 50k to 100k square feet. In terms of quality rating, you’ll find that 50,000 square feet of office space in Hastings is rated Class A. Office space rated Class B amount to 70,560 square feet.

Hastings Office Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	50,000 Sq. Ft.	31.27%

Hastings Office Market Breakdown by Building Quality Rating
Class	Total Square Feet	Share of Total Office
Class A	50,000 Sq. Ft.	31.27%
Class B	70,560 Sq. Ft.	44.13%
Class C	39,344 Sq. Ft.	24.6%

Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.

Total Industrial Space in Hastings: 1,018,276 Sq. Ft.

Hastings is home to an industrial real estate market that encompasses 1,018,276 square feet of space across 2 industrial properties of various use types, sizes, and quality ratings.

Hastings Industrial Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	281,304 Sq. Ft.	27.63%
100k to 500k Sq. Ft.	531,070 Sq. Ft.	52.15%

Hastings Industrial Market Breakdown by Building Quality Rating
Class	Total Square Feet	Share of Total Industrial
Class B	959,476 Sq. Ft.	94.23%
Class C	58,800 Sq. Ft.	5.77%

Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.

Total Retail Space in Hastings: 687,537 Sq. Ft.

The Hastings commercial real estate market includes 2 properties that are dedicated to retail use. The various types of retail space here account for 687,537 square feet of commercial property in Hastings.

Hastings Retail Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	190,495 Sq. Ft.	27.71%
100k to 500k Sq. Ft.	497,042 Sq. Ft.	72.29%

Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.

Hastings, MN Currently Available Listings

Commercial real estate listings for rent in Hastings currently add up to 41,228 square feet. Local retail availability includes 8,714 square feet across 2 listings. Industrial space for rent opportunities in Hastings amount to 11,900 square feet across a total of 2 listings.

Hastings Commercial Space for Lease Breakdown
City	Property Type	Count of Listings	Total SF
Hastings, MN	Retail	2	8,714
Hastings, MN	Industrial	2	11,900
Hastings, MN	Other	4	20,614

Industrial

Retail

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

17 Commercial Real Estate Listings in Hastings, MN

Midtown Shopping Center

725 Spiral Blvd

1313-1325 South Frontage Road

1901 Glendale Road

1355 South Frontage Road

800 10th Street East

Crossroads Mall

Allina Health Hastings Clinic

Hastings Marketplace

875 General Sieben Drive

3005 Millard Avenue

1210 West 1st Street

1752 North Frontage Road

1285 Nininger Road

600 Smead Blvd

1620 & 1640 South Frontage Road

Intek Plastics Headquarters

Frequently Asked Questions

Hastings, MN Commercial Real Estate Inventory Breakdown

Total Office Space in Hastings: 159,904 Sq. Ft.

Total Industrial Space in Hastings: 1,018,276 Sq. Ft.

Total Retail Space in Hastings: 687,537 Sq. Ft.

Hastings, MN Currently Available Listings

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