Canadian Pacific Plaza — Lease in Minneapolis, MN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Minneapolis, MN 55402
  • Submarket: Minneapolis CBD

Market Context

This office in Minneapolis, MN is listed for lease. Compare it against other office listings for lease in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis office market showed a 26.4% vacancy rate, average asking rents near $29.95/SF/yr, and rents up 3.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

Is the Minneapolis office market tightening or softening?
Vacancy is around 26.4%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$13.82/SF/mo – $21.50/SF/mo

Mid: $14.34/SF/mo

By our match to nearby addresses in brokers' reports, this property is in the Minneapolis CBD submarket, where average asking rent was $32.87/SF/yr in Cushman & Wakefield's Q2 2026 report.

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