Minneapolis Retail Space for Rent
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Renting Retail Space in Minneapolis
Retail spaces in Minneapolis continue to attract a mix of local and national tenants. The tenant search data from TenantBase shows a clear preference for longer-term stability, with 5+ year leases accounting for 24.5% of deals. Medium-term leases of 3-5 years make up 30.5%, while shorter lease terms of 1-2 years constitute 21.4%. Lease terms of less than one year are relatively uncommon, at 8.9%. Popular retail corridors include Nicollet Mall and the North Loop, where high foot traffic and urban density favor storefront businesses.
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TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
Suite Rates in Minneapolis
Suite Sizes in Minneapolis
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| 394 Corridor | 1,600 | $1.99 / SF | < 30 |
| 494 Corridor | 2,100 | $1.94 / SF | 31 |
| Burnsville / Lakeville | 1,900 | $2.19 / SF | < 30 |
| Downtown | 2,900 | $2.23 / SF | 56 |
| Eagan / Mendota Heights | 1,100 | $1.92 / SF | < 30 |
| East Metro | 1,300 | $2.28 / SF | < 30 |
| Midway | 2,800 | $1.75 / SF | < 30 |
| North Loop | 5,000 | - | < 30 |
| St Paul | 2,200 | $2.37 / SF | < 30 |
| Uptown | 1,500 | $1.95 / SF | 34 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.