{
  "url": "https://classa.info/cities/minneapolis/leasing-conventions",
  "title": "Minneapolis office lease norms",
  "description": "Lease structure, term length, concessions, and the unwritten rules of leasing Class A office in Minneapolis.",
  "oneSentenceAnswer": "Modified-gross structures with opex pass-throughs.",
  "tldr": [
    "Typical lease length: 10 years.",
    "Typical rent-free: 16 months.",
    "Vacancy: 23.7%; trend softening.",
    "Modified-gross structures with opex pass-throughs."
  ],
  "keyFacts": {
    "city": "Minneapolis",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$32/sqft/yr",
    "classARentUsd": "$32/sqft/yr",
    "vacancy": "23.7%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 16,
    "submarkets": 5,
    "primeYieldPct": "7.4%"
  },
  "faqs": [
    {
      "question": "What's a typical lease term in Minneapolis?",
      "answer": "10 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants."
    },
    {
      "question": "How is rent quoted in Minneapolis?",
      "answer": "In USD/sqft/year. We also publish a USD-normalised view ($32/sqft/yr) for cross-market comparison."
    }
  ],
  "pageType": "city-topic",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/minneapolis/leasing-conventions), updated 2026-04-15T00:00:00.000Z."
}