Steelman Exchange — Lease in Minneapolis, MN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Minneapolis, MN 55401
  • Submarket: Minneapolis CBD

Market Context

This office in Minneapolis, MN is listed for lease. Compare it against other office listings for lease in Minneapolis, 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

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 Minneapolis CBD submarket, where average asking rent was $32.87/SF/yr in Cushman & Wakefield's Q2 2026 report.

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