Lumber Exchange Building — Lease in Minneapolis, MN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Minneapolis, MN 55402
  • Size: 216,600 SF
  • Year built: 1885

Description

Market Context

This office in Minneapolis, MN is listed for lease across 216,600 SF. The building dates to 1885. It has been on the market for 113 days. Compare it against other office listings for lease in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis office market showed average asking rents near $29.92/SF/yr, and cap rates around 12.1%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Minneapolis?
About 12.1% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$2.02/SF/mo – $2.74/SF/mo

Mid: $2.38/SF/mo

Estimated total for 216,600 SF: $515,508 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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

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