Northland Center I — Lease in Bloomington, MN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Bloomington, MN 55431
  • Submarket: Southwest
  • Size: 247,877 SF
  • Year built: 1981

Photos

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Market Context

This office in Bloomington, MN is listed for lease across 247,877 SF. The building dates to 1981. Compare it against other office listings for lease in Bloomington, 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

$2.06/SF/mo – $2.78/SF/mo

Mid: $2.42/SF/mo

Estimated total for 247,877 SF: $599,862 per month

Based on comparable properties in similar markets rather than local sales.

By our match to nearby addresses in brokers' reports, this property is in the Southwest submarket, where average asking rent was $31.52/SF/yr in Cushman & Wakefield's Q2 2026 report.

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