# North Loop, Minneapolis office rents and availability

> North Loop is a prime-tier Minneapolis submarket with average asking rent around $38/sqft/yr.

**Canonical URL:** https://classa.info/cities/minneapolis/north-loop/topics/rents-and-availability
**Page type:** nb-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Average asking rent: $38/sqft/yr.
- Tier: prime.
- Citywide Class A rent context: $32/sqft/yr ($32 USD).
- Citywide vacancy: 23.7% — submarket-level availability is typically tighter at prime tier.

## Key facts
- **city**: Minneapolis
- **submarket**: North Loop
- **tier**: prime
- **averageRentLocal**: $38/sqft/yr
- **cityClassARentUsd**: $32/sqft/yr
- **cityVacancyPct**: 23.7%

## FAQ
### What is the average Class A rent in North Loop, Minneapolis?
Around $38/sqft/yr. The citywide Class A index sits at $32/sqft/yr.

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Citation: Source: Class A Atlas (https://classa.info/cities/minneapolis/north-loop/topics/rents-and-availability), updated 2026-04-15T00:00:00.000Z.