Rochester, Minnesota, is a hub for businesses looking to establish a strong presence in the region, and office space for lease is a prime opportunity to do so. With a population of around 120,000, Rochester offers a unique blend of small-town charm and big-city amenities, making it an attractive location for companies of all sizes. The city's infrastructure, including Rochester International Airport, Olmsted County Highway 22, and the planned bus rapid transit line known as Link, provides easy access to major transportation routes. Additionally, the presence of major corporations like Mayo Clinic, IBM, and Kerry Flavours and Ingredients, as well as institutions like the University of Minnesota Rochester and Rochester Community and Technical College, creates a dynamic environment that fosters innovation and growth. With its rich arts and cultural scene, including historic buildings, art centers, and events like Thursdays Downtown, Rochester is an ideal location for businesses looking to attract and retain top talent.
Rochester's office space for lease market offers a range of options, with 48 listings available. The average annual rent per square foot is around $19 USD, with spaces ranging from 100 square feet to 120,000 square feet. In addition to office space, Rochester also offers a variety of other property types, including coworking space, flex space, medical offices, and retail space. For example, coworking space is available in the Downtown Waterfront district, while flex space can be found in the Central Station district. Medical offices are plentiful near the Mayo Clinic, and retail space is available in the Heart of the City area. With its diverse range of property types and amenities, Rochester is an attractive location for businesses of all types and sizes.
What is the average size of office space for lease in the Rochester market?
The average size of office space for lease in the Rochester market is 6,186 square feet, with a total of 48 available listings, and a maximum space size of 120,000 square feet.
Are there different types of office space leases available?
In Rochester, Minnesota, there are various types of office space leases available to cater to different business needs, including:
- Class A office spaces, typically located in prime areas with high-end finishes and amenities, ideal for corporate headquarters or professional services firms;
- Class B office spaces, offering a balance of quality and affordability, suitable for small to medium-sized businesses or startups;
- Class C office spaces, providing functional and cost-effective options for entrepreneurs, freelancers, or non-profit organizations.
With 48 available listings, Rochester offers a range of office space leases to suit diverse business requirements, from modern high-rise buildings to converted historic properties, all within proximity to major amenities like the Mayo Clinic and Rochester International Airport.
