Downtown St. Paul is a established-tier Minneapolis submarket with average asking rent around $26/sqft/yr.

  • Average asking rent: $26/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 23.7% — submarket-level availability is typically tighter at established tier.

Downtown St. Paul, Minneapolis office rents and availability

Downtown St. Paul is a established-tier Minneapolis submarket with average asking rent around $26/sqft/yr.

TL;DR

  • Average asking rent: $26/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 23.7% — submarket-level availability is typically tighter at established tier.

Where rent sits

Downtown St. Paul averages around $26/sqft/yr for Class A, against a citywide Class A index of 32. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Capital city government and law cluster. Government, law, professional services, financial services.

Key facts

cityMinneapolis
submarketDowntown St. Paul
tierestablished
averageRentLocal$26/sqft/yr
cityClassARentUsd$32/sqft/yr
cityVacancyPct23.7%

Frequently asked questions

What is the average Class A rent in Downtown St. Paul, Minneapolis?
Around $26/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.

Primary sources for this page

Full sources index · Submit a correction

Related topics