Downtown East (trophy, ~$44/sqft/yr) is one of 5 Minneapolis Class A submarkets we track.

  • Downtown East sits at trophy tier.
  • Average rent $44/sqft/yr vs city average 32.
  • Compared submarkets: Downtown West (trophy), North Loop (prime), Southwest Suburbs (Edina, Eden Prairie) (established).

Downtown East vs other Minneapolis submarkets

Downtown East (trophy, ~$44/sqft/yr) is one of 5 Minneapolis Class A submarkets we track.

TL;DR

  • Downtown East sits at trophy tier.
  • Average rent $44/sqft/yr vs city average 32.
  • Compared submarkets: Downtown West (trophy), North Loop (prime), Southwest Suburbs (Edina, Eden Prairie) (established).

Side-by-side with peers

**Downtown West** (trophy, $42/sqft/yr) — Legacy trophy core with skyway connectivity. **North Loop** (prime, $38/sqft/yr) — Creative-class warehouse repositioning. **Southwest Suburbs (Edina, Eden Prairie)** (established, $28/sqft/yr) — Suburban Fortune 500 belt. **Downtown St. Paul** (established, $26/sqft/yr) — Capital city government and law cluster.

Key facts

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

Frequently asked questions

What other submarkets compete with Downtown East in Minneapolis?
Downtown West, North Loop, Southwest Suburbs (Edina, Eden Prairie)

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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