Where do real estate and infrastructure occupiers lease office space in Minneapolis?

Most cluster in Downtown East. Rent runs ~32 USD/sqft ($32 USD) for trophy and prime stock.

What fit-out spec do real estate and infrastructure occupiers run in Minneapolis?

Typically high-end at $150–215/sqft.

How much office space per seat should a real estate and infrastructure occupier plan in Minneapolis?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the real estate and infrastructure vertical?

Representative NAICS 2022 codes: 531, 237.

What is the talent index in Minneapolis?

82/100. Use the city profile for full detail.

Real estate and infrastructure occupiers in Minneapolis typically cluster in Downtown East, plan ~215 sqft per seat at high-end fit-out ($150–215/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

Preferred submarket: Downtown East.
Typical fit-out spec: High-end ($150–215/sqft).
Plan ~215 sqft per seat for headcount sizing.
Class A rent context: 32 USD/sqft ($32 USD).
Typical lease: 10 years with 16 months rent-free.
Talent depth in Minneapolis: 82/100.

Real estate and infrastructure office space in Minneapolis

Real estate and infrastructure occupiers in Minneapolis typically cluster in Downtown East, plan ~215 sqft per seat at high-end fit-out">fit-out ($150–215/sqft), and pay around 32 USD/sqft ($32 USD) on Class A.

TL;DR

Preferred submarket: Downtown East.
Typical fit-out spec: High-end ($150–215/sqft).
Plan ~215 sqft per seat for headcount sizing.
Class A rent context: 32 USD/sqft ($32 USD).
Typical lease: 10 years with 16 months rent-free.
Talent depth in Minneapolis: 82/100.

Where they cluster

Real estate and infrastructure occupiers in Minneapolis typically anchor in Downtown East. Banking, professional services, sports and entertainment, corporate HQs.

What they pay

Class A rent in Minneapolis runs 32 USD/sqft ($32 USD) on a 10-year lease with 16 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical real estate and infrastructure fit-out targets high-end specification at $150–215/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Minneapolis typically targets 21,500 sqft of leasable area.

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. Deep Fortune 500 corporate, healthcare, retail, and agribusiness talent. Strong feed from the University of Minnesota and the broader UMN system. Healthcare talent base supports Mayo Clinic and UnitedHealth Group.

Tax and lease context

Headline corporate tax: 30.6%. Modified-gross structures with opex pass-throughs. 10-year terms standard for trophy. Free rent of 14-18 months and TI of $80-$120/sqft typical on a 10-year deal.

Key facts

city	Minneapolis
industry	Real estate and infrastructure
naics	531, 237
preferredSubmarket	Downtown East
preferredFitoutSpec	High-end
fitoutBand	$150–215/sqft
sqftPerSeat	215
classARentLocal	32 USD/sqft/yr
classARentUsd	$32/sqft/yr
vacancyPct	23.7%
typicalLeaseYears	10
typicalRentFreeMonths	16
talentIndex	82
corporateTaxPct	30.6%

Frequently asked questions

Where do real estate and infrastructure occupiers lease office space in Minneapolis?: Most cluster in Downtown East. Rent runs ~32 USD/sqft ($32 USD) for trophy and prime stock.
What fit-out spec do real estate and infrastructure occupiers run in Minneapolis?: Typically high-end at $150–215/sqft.
How much office space per seat should a real estate and infrastructure occupier plan in Minneapolis?: Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the real estate and infrastructure vertical?: Representative NAICS 2022 codes: 531, 237.
What is the talent index in Minneapolis?: 82/100. Use the city profile for full detail.

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

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction