Minneapolis, a city known for its abundance of water resources and diverse history, offers a unique opportunity for investors to tap into the Office Properties market. With a population of approximately 430,000, Minneapolis is an attractive location for businesses, providing access to a skilled workforce, excellent infrastructure, and a strong economy. Office Properties in Minneapolis are a sound investment, offering a range of benefits, including proximity to major transportation hubs, educational institutions like the University of Minnesota, and a variety of amenities, such as Abbott Northwestern Hospital and the Minneapolis VA Medical Center. The city's geography, with its flat terrain and abundant water resources, also makes it an attractive location for businesses. Additionally, Minneapolis is home to several major corporations, including Target Corporation, U.S. Bancorp, and Ameriprise Financial, making it an ideal location for office spaces.
With 28 Office Properties available for sale in Minneapolis, investors have a range of options to choose from. These properties offer an average price per square foot of $199 USD and an average size of 68,982 square feet. The largest property available is 447,517 square feet, providing ample space for businesses to grow. In addition to Office Properties, Minneapolis also offers a range of other commercial properties, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market is characterized by its proximity to major transportation hubs, including the Minneapolis–Saint Paul International Airport and the Metro Transit system. Apartment Buildings in Minneapolis offer a range of amenities, including access to educational institutions and healthcare services. Shopping Centers in the city provide a diverse range of retail options, while Hotels cater to the city's thriving tourism industry. Overall, Minneapolis offers a unique combination of economic, cultural, and educational opportunities, making it an attractive location for investors.
What is the average price per square foot for office properties in Minneapolis?
The average price per square foot for office properties in Minneapolis is $199 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Minneapolis, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often in downtown Minneapolis, with average prices per square foot around $199 USD and average sizes of 68,982 square feet.
- Class B office properties offer a balance of quality and affordability, with average prices per square foot around $199 USD and average sizes of 68,982 square feet, often located in suburban areas or secondary business districts.
- Class C office properties are generally older buildings with more basic amenities, often in less desirable locations, with average prices per square foot around $199 USD and average sizes of 68,982 square feet, which can be a more affordable option for businesses on a budget.
