# Minneapolis Class A office rents and incentives

> Headline Class A rent in Minneapolis is around $32/sqft/yr, with 16 months of typical rent-free on a 10-year term.

**Canonical URL:** https://classa.info/cities/minneapolis/rents-and-incentives
**Page type:** city-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
- Headline Class A rent: $32/sqft/yr.
- Trophy submarket rents (Downtown East) push to roughly $44/sqft/yr.
- Typical concessions on a 10-year deal: 16 months free rent.
- Vacancy stands at 23.7% — market trend is softening.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **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%
- **trophyRent**: $44/sqft/yr
- **primeRent**: $38/sqft/yr

## FAQ
### What is the average Class A rent in Minneapolis?
Around $32/sqft/yr across the broader Class A index. Trophy submarkets like Downtown East command 20–40% above that.

### How many months of rent-free are normal in Minneapolis?
16 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Minneapolis?
The Minneapolis Class A market is currently softening. Vacancy is 23.7%, which sets the negotiating context.

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