minneapolis st. paul Office Market Report

By CREhunt Research · Data through Q4 2025 · Aggregated from JLL

Quarterly office market indicators for minneapolis st. paul, aggregated by CREhunt from JLL. As of Q4 2025, average asking rent was $31.40/SF/yr and vacancy was 24.1%, per JLL.

Projected current office pricing — minneapolis st. paul

Projected asking rent
$31.40/SF/yr
Estimated sale value
$138–$237/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for minneapolis st. paul office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2025 JLL asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~76% occupancy and a 50–65% net-operating-income margin.

QuarterAsking rentVacancyNet absorptionUnder constr.
Q4 2025
JLL
$31.40/SF/yr24.1%——

Frequently asked questions

What is the average asking rent for office space in minneapolis st. paul?
As of Q4 2025, the average asking rent for office space in minneapolis st. paul was $31.40/SF/yr, per JLL.
What is the office vacancy rate in minneapolis st. paul?
The office vacancy rate in minneapolis st. paul was 24.1% as of Q4 2025 (JLL).
Where does CREhunt's minneapolis st. paul market data come from?
This report aggregates quarterly office market data for minneapolis st. paul from JLL.