--- title: "Investment banking office space in Minneapolis" description: "Where investment banking occupiers cluster in Minneapolis, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/minneapolis/industries/investment-banking pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Investment banking occupiers in Minneapolis typically cluster in Downtown East, plan ~215 sqft per seat at trophy fit-out ($215–320/sqft), and pay around 32 USD/sqft ($32 USD) on Class A. ## TL;DR - Preferred submarket: Downtown East. - Typical fit-out spec: Trophy ($215–320/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. # Investment banking office space in Minneapolis **Investment banking occupiers in Minneapolis typically cluster in Downtown East, plan ~215 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($215–320/sqft), and pay around 32 USD/sqft ($32 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Downtown East. - Typical fit-out spec: Trophy ($215–320/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 Investment banking 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 investment banking fit-out targets trophy specification at $215–320/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard. ## Headcount sizing Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Minneapolis typically targets 21,500 sqft of leasable area. ## Talent angle Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. 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 | Investment banking| | naics | 523150, 522110| | preferredSubmarket | Downtown East| | preferredFitoutSpec | Trophy| | fitoutBand | $215–320/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 investment banking 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 investment banking occupiers run in Minneapolis?**** : Typically trophy at $215–320/sqft. ****How much office space per seat should a investment banking occupier plan in Minneapolis?**** : Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft. ****What NAICS codes describe the investment banking vertical?**** : Representative NAICS 2022 codes: 523150, 522110. ****What is the talent index in Minneapolis?**** : 82/100. Use the city profile for full detail. ## Related - [**Investment banking — global overview**](/industries/investment-banking) - [**Minneapolis — full city profile**](/cities/minneapolis) - [**Financial services in Minneapolis**](/cities/minneapolis/industries/financial-services) - [**Asset management in Minneapolis**](/cities/minneapolis/industries/asset-management) - [**Legal services in Minneapolis**](/cities/minneapolis/industries/legal-services) - [**Big tech in Minneapolis**](/cities/minneapolis/industries/big-tech) ## Editorial provenance Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/minneapolis/industries/investment-banking), updated 2026-04-15T00:00:00.000Z.