Penn-Kensington Building — Lease in Bloomington, MN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Bloomington, MN
  • Size: 67,856 SF
  • Year built: 1977

Description

Market Context

This industrial in Bloomington, MN is listed for lease across 67,856 SF. The building dates to 1977. It has been on the market for 113 days. Compare it against other industrial listings for lease in Bloomington, MN — view the full market.

As of Q1 2026, the Minneapolis industrial market showed a 4.0% vacancy rate, average asking rents near $8.00/SF/yr, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

What is the typical cap rate for industrial in Minneapolis?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Minneapolis industrial market tightening or softening?
Vacancy is around 4.0% (Q1 2026).

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