Downtown St. Paul (established, ~$26/sqft/yr) is one of 5 Minneapolis Class A submarkets we track.
Downtown St. Paul (established, ~$26/sqft/yr) is one of 5 Minneapolis Class A submarkets we track.
**Downtown East** (trophy, $44/sqft/yr) — Trophy near US Bank Stadium. **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.
| city | Minneapolis |
|---|---|
| submarket | Downtown St. Paul |
| tier | established |
| averageRentLocal | $26/sqft/yr |
| cityClassARentUsd | $32/sqft/yr |
| cityVacancyPct | 23.7% |
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.