--- title: "Real estate and infrastructure office space in Minneapolis" description: "Where real estate and infrastructure occupiers cluster in Minneapolis, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/minneapolis/industries/real-estate pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## 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. # 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](/topics/fit-out-capex)">fit-out ($150–215/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: 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. ## Related - [**Real estate and infrastructure — global overview**](/industries/real-estate) - [**Minneapolis — full city profile**](/cities/minneapolis) - [**Financial services in Minneapolis**](/cities/minneapolis/industries/financial-services) - [**Asset management in Minneapolis**](/cities/minneapolis/industries/asset-management) - [**Investment banking in Minneapolis**](/cities/minneapolis/industries/investment-banking) - [**Legal services in Minneapolis**](/cities/minneapolis/industries/legal-services) ## 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/real-estate), updated 2026-04-15T00:00:00.000Z.