Office Suite Prices:

Despite economic downshifts for much of the city, the area is still under great development. There is an abundance of residential and commercial real estate opportunities that are for sale and rent in the area, with many different companies building towards the future. Office suites vacancy rates in the greater Minneapolis area is around 14%, giving entrepreneurs a great opportunity to start or grow a business in the area. In a recent survey of opportunities in the general area, prices included many smaller office suite units (found in normal buildings) at around $300 a month, while many larger options were available for $1 a square foot or less for 1,000 square feet and more. It is relatively similar to much larger parts of the country where the down economy has lowered office space rental rates across the board. If you need to find commercial office space to rent in any other Midwestern cities like Chicago, Baltimore, Cleveland, or Philadelphia, then call us at 866-321-5542.

Office Suite Amenities:

Large or small companies, with 1 or 5o employees, always face a big risk to lease or rent an office suite or executive suite space. One thing any owner (or office manager) needs to do is to decide what amenities the staff and employees are going to need. We have compiled a list below of typical amenities that most office buildings usually offer. Reception Services, Telephone Answering, Postal, Kitchen Facilities, Service Elevators, Furnished Options,Conference rooms, Virtual spaces, Private Offices, or 24 Hour Access. If you want to learn more about the office space units that we offer, please check out our office space articles. The city of Minneapolis is the largest city in the state of Minnesota and is often referred to as “The City of Lakes”. It is the 47th largest city in the United States. The city center has an estimated population of around 390,131 and upwards of 3.5 million people in the greater metropolitan area. While the city has seen some growth in a lot of areas, it has become a major draw specifically in the arts, writing, music, and is the major center of business between Chicago and Seattle.

Local Economy:

The economic picture of Minneapolis is represented by a combination of different industries, and small components. The major industries that thrive in the area are commerce, finance, rail, trucking, and health care. While there are many smaller components to the area, the prominent are the aforementioned. The city is also home to five of the Fortune 500 companies and many Fortune 1000 companies. Some of the major companies that call the area home include, Target Corporation, U.S. Bancorp, Xcel Energy, Ameriprise Financial, and Thrivent Financial for Lutherans, IBM, Wells Fargo, ING Group and many more. Despite a large amount of options in terms of employment, the unemployment rate of Minneapolis is nearly 9% and is higher than the national average. While the economic outlook is looking better in the near future, it can be difficult to land a job in the area.

Travel / Crime:

The local airport in the area is Minneapolis-Saint Paul International Airport. It is the largest and busiest airport in the upper Midwest and helps get upwards of 34 million passengers annually get to their destinations. It is one of the larger airports in the nation and is a major hub for Delta Air Lines and Sun Country Airlines.
For people looking to get a higher education in the city, there is a great deal of colleges in the greater metropolitan area. Some of the most notable colleges include, Augsburg College, Capella University, Minneapolis Community Tech, Minneapolis College of Arts, Dunwoody College, and Walden University just to name a few.
The crime rates in and around Minneapolis are relatively low, with 60 out of 1,000 residents, but still is not as low as some other smaller cities. There are pockets of rough areas, but that could be said about any modern city. While the crime rates vary from corner to corner, there is still a significant amount of violent crime in the area, despite a relatively low density.