Minneapolis commercial real estate
The Avison Young Minneapolis office provides commercial real estate services to property owners and occupiers
Avison Young Minnesota offers a full suite of commercial real estate services to best meet the needs of our customers and clients. Centrally located in the Twin Cities, we readily serve the metropolitan area, and greater Minnesota and Wisconsin.
Our experienced team of commercial real estate advisors cover all major industry sectors including office, industrial, retail, multi-family, and hospitality. Our services include but not limited to, consulting, capital markets, leasing, property management, and project management.
Avison Young is grounded on a unique foundation of partnership. Our Principals are both the owners and leaders - the shareholders and team managers - of our business. This model allows us the freedom to configure and re-shape our team and expertise around your business demands, ensuring that your commercial real estate needs will always be met.
Minneapolis commercial real estate services
Avison Young’s brokerage teams in Minnesota have consistently completed major leasing and sales transactions across all asset types. We’ve worked on the behalf of tenants, landlords, investors, vendors, and buyers alike, including many large national and international corporate clients.
Whether you are an owner, investor, occupier, or developer, our team delivers results aligned with your strategic business objectives, supporting real estate initiatives that add value and build a competitive advantage for your organization. Pair our commercial real estate experts’ critical market knowledge with the best technology in the industry, and you will gain solutions carefully tailored for you.
Find Minneapolis properties for sale or lease
Search Avison Young’s Minneapolis commercial real estate listings for sale and lease to find the right commercial property for you. Our investment and leasing opportunities include office, industrial, warehouse and retail properties.
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LeaseActiveRETAIL FOR LEASERestaurant5185 Meadville Street
Greenwood, MN 55331 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building6550 York Ave
Edina, MN 55435 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building7225 Northland Drive
Brooklyn Park, MN 55428 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building2900 Thomas Avenue South
Minneapolis, MN 55416 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building7077 Northland Cir. N
Brooklyn Park, MN 55428 -
Lease SaleActiveRETAIL, SHOWROOM, AND OFFICE/TECH PROPERTY FOR LEASE OR SALEOffice Building1500-1550 Minnesota 36
Roseville, MN 55113 -
LeaseActiveOFFICE SPACE FOR SUBLEASEOffice Building7077 Northland Circle, Suite 202
Brooklyn Park, MN 55428 -
LeaseActiveOFFICE SUBLEASESOffice Building241 N 5th Ave
Minneapolis, MN 55401
Minneapolis commercial real estate news
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Avison Young under new market leadership in AustinSeptember 24, 2024 -
Avison Young markets 40+ acres of lake frontage in Avon Lake, OHAugust 22, 2024 -
Avison Young under new market leadership in PhoenixAugust 5, 2024 -
Avison Young Office Busyness Index reveals more than half of U.S. office markets tracked are busier year over yearJuly 17, 2024
Minneapolis commercial real estate insights
Higher quality offices command larger leases in Minneapolis – St. Paul
In this data bite, we analyzed the changes in the average lease size each year since 2019 in office leases within high-quality assets (Trophy/Class A), as well as lower-quality buildings (Class B/C). Average lease sizes within high-quality properties have trended down in size significantly over the past 5 years, averaging 7,919 sf in 2019 and declining over 32% to av average lease size of 5,354 sf. Alternatively, despite average lease sizes in lower-quality buildings declining by 21% since 2019, this represents a reduction of just 797 square feet. Average lease sizes in Class B/C properties have remained much more consistent in size over the past 5 years compared to the average lease sizes observed in high-quality properties.
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Flight to “Experience” a prevalent theme in MSP office activity
In this data bite, we took a look at the evolving “flight to experience” by analyzing Trophy & Class A and Class B & C visitation recovery via the AY Office Busyness Index, and office quarterly leasing % share by class. This analysis reinforces the evolution from the flight to quality to the flight to experience by showing that while high-quality assets are still seeing elevated leasing activity compared to the rest of the market, they are also experiencing higher foot traffic and employee visitation.
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Breaking down MSP’s desirable office space
In this data bite, we took a closer look at MSP’s available office space. We categorized available space as desirable & undesirable, with undesirable space defined as all Class C and B- buildings and Class B buildings with 50% availability and no leasing activity since 2019. When undesirable space and potentially troubled assets are removed from consideration, the MSP Office Market’s overall availability rate drops from 22.2% to 17.7%, revealing tighter market conditions than previously thought. Drilling down even further, just 10% (91 buildings) of the buildings comprising desirable available office space accounts for 72% of the desirable square footage, limiting building location options even further for tenants seeking space.
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MSP Office market performance shows flawed space utilization
In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze MSP’s office visitation recovery since Q3 2019 by asset class. We cross-referenced the office visitation data with the market’s total availability rates by class and analyzed the relationship between the two datasets, as decreasing availability is expected to correlate with increasing office utilization. Despite this expected relationship, MSP’s office market has exhibited signs of flawed space utilization, with decreasing availability corresponding with declining office space utilization – a sign of potentially inefficient floor plans, underutilized spaces, and other flawed space utilization strategies.
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Minneapolis commercial real estate consultants
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Contact a commercial real estate advisor in Minneapolis
Our commercial real estate brokers and advisors leverage data-driven intelligence paired with deep Minneapolis knowledge. Connect with us to discuss how we can help you drive more value from your assets.