North Loop Warehouse Space for Rent
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Renting Warehouse Space in North Loop
The North Loop remains the strongest submarket in Minneapolis, blending historic timber-and-brick architecture with "Trophy" new construction. In late 2025, the North Loop Green development—a $250 million mixed-use "micro-city"—reached full stabilization, offering 34 stories of luxury residential and 14 stories of office space directly adjacent to Target Field (Source: Midwest Design Mag, March 2025). It currently commands the highest office rents in the city, averaging $36.89 PSF (Source: Transwestern Q2 2025). 2026 is the year of "Inventory Scarcity." With the North Loop outperforming all other districts, 2026 will see a focus on the "North Loop Fringe" (Bassett Creek Valley) as developers seek more affordable land for creative office and boutique residential projects. Entry-level condos in this district are projected to see 2–4% price growth through late 2026 (Source: Urban Minneapolis Homes 2026 Outlook).
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Suite Rates in North Loop
Suite Sizes in North Loop
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| 394 Corridor | 6,000 | $1.18 / SF | 65 |
| 494 Corridor | 2,200 | $1.43 / SF | 97 |
| Burnsville / Lakeville | 2,500 | $0.57 / SF | < 30 |
| Downtown | 200 | $1.33 / SF | 54 |
| Eagan / Mendota Heights | 15,000 | $0.61 / SF | < 30 |
| East Metro | 2,500 | $0.58 / SF | < 30 |
| Midway | 5,400 | $1.01 / SF | < 30 |
| North Loop | 87,000 | - | < 30 |
| St Paul | 5,100 | $0.75 / SF | < 30 |
| Uptown | 4,200 | $0.67 / SF | < 30 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.