Downtown West is a trophy-tier Minneapolis submarket with average asking rent around $42/sqft/yr.

  • Average asking rent: $42/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 West, Minneapolis office rents and availability

Downtown West is a trophy-tier Minneapolis submarket with average asking rent around $42/sqft/yr.

TL;DR

  • Average asking rent: $42/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 West averages around $42/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

Legacy trophy core with skyway connectivity. Banking, law, professional services, government, healthcare HQs.

Key facts

cityMinneapolis
submarketDowntown West
tiertrophy
averageRentLocal$42/sqft/yr
cityClassARentUsd$32/sqft/yr
cityVacancyPct23.7%

Frequently asked questions

What is the average Class A rent in Downtown West, Minneapolis?
Around $42/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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