Southwest Minneapolis Office Space for Rent
Just outside of the city center, locals and businesses thrive in Southwest Minneapolis. This pocket of the city is revered for its wealth of parks, lakes, and trails, making Southwest Minneapolis one of the most beautiful places to live and work in the surrounding urban area. Characterized by safe streets, charming shops, and new eateries, Southwest Minneapolis is an up-and-coming neighborhood worth exploring.
Southwest Minneapolis contains its own group of micro neighborhoods, including: Fulton, Linden Hills, Kingfield, East Harriet, Tangletown, Kenny, Armatage, and Windom. Linden Hills and Tangletown are two local favorite hot spots, as new construction and business growth in these areas demonstrates that these areas are on the rise.
Southwest Minneapolis Office Space | Lease Data & Trends
Across all building classes, office space for rent in Southwest Minneapolis costs around $27 per square foot. For Class A properties, office spaces rent for closer to $30 per square foot. Class B offices lease for less than $25 per square foot. These asking rents are slightly below the Downtown Minneapolis averages, and 10-15% higher than in St. Paul.
With over 15 million square feet of commercial office space, Southwest Minneapolis offers an impressive amount of leasable property. In fact, Southwest Minneapolis’ inventory is nearly double that of St. Paul’s central business district, and it’s almost as much as the city’s other three quadrants combined. Southwest Minneapolis’ vast inventory is a major pull for developers and companies alike, as it offers ready-to-go office space for companies who are looking to find a spot quickly, and it provides developers with a thriving business scene that is sure to attract tenants to the already bustling community.
What Our Brokers Say About Southwest Minneapolis Office Space for Rent
What kind of companies are investing in Southwest Minneapolis’ commercial real estate? Companies in this part of town run the gamut, from pharmaceutical companies to software giants. Major commercial tenants in the area include Express Scripts, Jostens, Siteimprove, Inc., and Fourteen Foods.
The construction market in Southwest Minneapolis is primarily residential; however, there has been a recent surge in mixed-use properties that marry work and live spaces. In Tangletown, companies enjoy stunning, new construction spaces along Nicollet Avenue. In this Southwest Minneapolis area, employees are surrounded by notable eateries and vibrant shopping squares – it’s the perfect place to balance work and play. The Tangletown neighborhood is also ideal for car commuters, as the I-35W ushers travelers straight into the heart of this thriving commercial area.
Not as flashy as the commercial spaces in Tangletown, office space along Penn Ave S is also trending. Modest, small-company spaces are available in this up-and-coming area. Companies thrive in this part of Southwest Minneapolis due to its proximity to relaxing nature spots, like Lake Harriet, Lynnhurst Park, and Minihaha Creek. The area also has attractive options to wine and dine clients, like Terzo, Sparrow Cafe, Broders’ Cucina Italiana, and Bruegger’s.
Getting to, From, and Around Southwest Minneapolis
While Southwest Minneapolis is removed from the city’s central business district, transportation by car isn’t the only way locals get around this city. Several bus lines run from the heart of Downtown Minneapolis, including lines 4, 6, 46, and 535. And if you live in Southwest Minneapolis, it’s easy to commute by bike or foot.
In the future, the city will make commuting to Southwest Minneapolis even easier. The METRO Green Line Extension, also known as the Southwest Light Rail Transit project, will run from the center of Downtown Minneapolis through the Southwest communities. The 16 new stations will connect with bus routes, the Northstar Commuter Rail Line, and other METRO lines to make public transit accessible for Southwest communities as far out as Eden Prairie.
If you do prefer to travel around Southwest Minneapolis by car, US Interstates 35W and State Route 62 provide quick and direct access to the area. West 50th also provides commuters with a well-traveled route through the geographic center of Southwest Minneapolis.
Get to Know the Southwest Minneapolis Neighborhood
At the end of the nineteenth century, Southwest Minneapolis remained largely untouched. Residents in the remote area shared area telephones and livestock, making Southwest Minneapolis a perfect snapshot of rural American life.
Today, Southwest Minneapolis is a niche area in the city that prides itself of community and opportunity. Various business association and alliance groups actively work with the City to make Southwest Minneapolis an attractive place to grow your business. As a result, new businesses are steadily planting roots in the community. If you’re searching for a supportive network of businesses, this is a great place to lease a commercial office space.
In addition to the strong business community, Southwest Minneapolis is known for its bustling food scene, as locals celebrate establishments like Terzo (an upscale wine bar), The Malt Shop (a neighborhood joint with decades of experience serving up unique flavors like fig), and Café Maude (a beloved, casual bistro). As an area with so many dining options, it’s easy to see why people are comfortable establishing lives and businesses in Southwest Minneapolis. And if you’re searching for ways to stay active and enjoy the outdoors in Southwest Minneapolis, this part of the city offers access to some of the city’s best water spots and greenspaces. The impressive Chain of Lakes Bike Trail lets cyclists admire the stunning shorelines of Lake Harriet on its 15-mile route. And even if you don’t reach Lake Harriet by bike, it’s a great recreation area that offers two beaches, 335 acres for sailing, and a system of pedestrian trails that circle the lake. Notable parkways in South Minneapolis include the Grand Rounds National Scenic Byway, the Minnehaha Creek Trail, and Bde Maka Ska.