Why implement your industrial space in Minneapolis?

Minneapolis, known for its strong industrial sector, offers a diverse range of opportunities for industrial space leasing. With a strategic location and excellent transportation infrastructure, the city serves as a major distribution and logistics hub. Businesses in various industries, such as manufacturing, warehousing, and logistics, can find well-equipped industrial spaces to meet their specific needs.  

From modern warehouses with high ceilings and ample storage capacity to industrial parks with state-of-the-art facilities, Minneapolis provides a favorable environment for companies to establish and expand their operations. Additionally, the city's skilled workforce, supportive business ecosystem, and access to major highways and rail lines contribute to its attractiveness for industrial space leasing. Whether you require a large-scale manufacturing facility or a flexible warehouse space, Minneapolis offers a wide array of options to cater to your industrial leasing needs. 

How much does it cost to rent an industrial space in Minneapolis?

The cost of renting an industrial space in Minneapolis can vary widely depending on various factors such as location, size, amenities, and specific requirements of the space. The average industrial lease rates in Minneapolis range from approximately $6 to $10 per square foot annually.

To read: our Minneapolis MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Minneapolis?

As with any real estate market, predicting the exact trajectory of industrial space rents in Minneapolis can be challenging, as it is influenced by various factors. However, based on recent trends and market indicators, it is likely that industrial space rents in Minneapolis will continue to experience upward pressure in the coming years.

Popular neighborhoods in Minneapolis?

Minneapolis offers several popular neighborhoods for leasing industrial space, catering to the diverse needs of businesses. Some of the notable neighborhoods include:

• North Loop: This up-and-coming neighborhood has experienced significant revitalization in recent years, offering a mix of historic warehouses and modern industrial spaces. It is known for its trendy atmosphere, proximity to downtown, and accessibility to major transportation routes.
• Northeast Minneapolis: With its industrial heritage, Northeast Minneapolis has become a hotspot for creative and artisanal industries. The neighborhood features a variety of converted warehouses and industrial buildings that provide ample space for manufacturing, studios, and workshops.
• Midtown Phillips: Situated in the heart of Minneapolis, Midtown Phillips offers a mix of industrial and commercial spaces. It is an ideal location for businesses seeking convenient access to both downtown and major transportation corridors.
• Near North: This neighborhood, located just north of downtown Minneapolis, is characterized by a mix of industrial and residential areas. It provides a central location with easy access to major highways, making it a desirable choice for industrial leasing.
• Cedar-Riverside: Known for its diverse community, Cedar-Riverside offers a mix of industrial and commercial spaces. It has seen significant redevelopment in recent years, attracting businesses in various sectors.

Getting to and from Minneapolis?

Minneapolis is easily accessible by air, car, and public transportation.

• By air: Minneapolis-Saint Paul International Airport (MSP) is located just a few miles south of downtown Minneapolis and is served by many major airlines. The airport offers direct flights to destinations throughout the United States and internationally, making it a convenient option for business travelers.
• By car: Minneapolis is well connected by major highways, including Interstates 94, 35W, and 394. The city is also located along the famous Route 66, which runs from Chicago to Santa Monica, California. Parking options in downtown Minneapolis include street parking, parking ramps, and surface lots.
• By public transportation: The Metro Transit system operates buses, light rail trains, and commuter trains throughout the Minneapolis-St. Paul metropolitan area. The light rail Blue Line connects MSP airport to downtown Minneapolis, while the Green Line connects downtown Minneapolis to downtown St. Paul. The Northstar commuter rail line connects downtown Minneapolis to northern suburbs.