Downtown East is a trophy-tier Minneapolis submarket with average asking rent around $44/sqft/yr.

  • Average asking rent: $44/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 23.7% — submarket-level availability is typically tighter at trophy tier.

Downtown East, Minneapolis office rents and availability

Downtown East is a trophy-tier Minneapolis submarket with average asking rent around $44/sqft/yr.

TL;DR

  • Average asking rent: $44/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 23.7% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown East averages around $44/sqft/yr for Class A, against a citywide Class A index of 32. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Trophy near US Bank Stadium. Banking, professional services, sports and entertainment, corporate HQs.

Key facts

cityMinneapolis
submarketDowntown East
tiertrophy
averageRentLocal$44/sqft/yr
cityClassARentUsd$32/sqft/yr
cityVacancyPct23.7%

Frequently asked questions

What is the average Class A rent in Downtown East, Minneapolis?
Around $44/sqft/yr. The citywide Class A index sits at $32/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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