--- title: "North Loop, Minneapolis — Class A submarket" description: "Creative-class warehouse repositioning." canonical: https://classa.info/cities/minneapolis/north-loop pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > North Loop is a prime-tier Class A submarket of Minneapolis with average asking rent around $38/sqft/yr. ## TL;DR - Creative-class warehouse repositioning. - Prime tier — ~$38/sqft/yr. - Active Class A leasing market with deal flow across major broker desks. # North Loop, Minneapolis — Class A submarket *Creative-class warehouse repositioning.* · Tier: prime · Avg rent: $38/sqft/yr ## TL;DR - Creative-class warehouse repositioning. - Prime tier — ~$38/sqft/yr. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview North Loop is Minneapolis's principal creative-class repositioning frontier — converted warehouse Class A, growing tech tenancy, and a deep restaurant and residential base. ## Tenant profile Tech, creative agencies, advertising, food and beverage HQs. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Target Field Station (Blue/Green Lines, Northstar commuter rail). Multi-modal transit captures the metro's principal professional catchment. ## Amenities Target Field, North Loop restaurants, Mississippi River. ## Comparable buildings - **The Nordic** [](https://www.google.com/maps/search/?api=1&query=The%20Nordic%2C%20729%20N%20Washington%20Avenue%2C%20Minneapolis%2C%20MN%2055401%2C%20North%20Loop%2C%20Minneapolis%2C%20United%20States&query_place_id=ChIJSRX4KWYzs1IRj6T2E_bBY9c) - **T3 Minneapolis** [](https://www.google.com/maps/search/?api=1&query=T3%20Minneapolis%2C%20323%20Washington%20Avenue%20North%2C%20Minneapolis%2C%20MN%2055401%2C%20North%20Loop%2C%20Minneapolis%2C%20United%20States&query_place_id=ChIJIzhr444ys1IRJyoV2bG3PDY) - **Loose-Wiles Building** [](https://www.google.com/maps/search/?api=1&query=Loose-Wiles%20Building%2C%20701%20N%203rd%20Street%2C%20Minneapolis%2C%20MN%2055401%2C%20North%20Loop%2C%20Minneapolis%2C%20United%20States&query_place_id=ChIJfZ-yZIkys1IR9-85XoRsKtA) ## Where North Loop sits in Minneapolis North Loop is one of 5 Class A submarkets we cover in Minneapolis, classified as prime tier with an average asking rent around $38/sqft/yr. Compared with the broader Minneapolis Class A stock, North Loop typically attracts Tech, creative agencies, advertising, food and beverage HQs and competes most directly with the city's other prime submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside North Loop: [Downtown East](/cities/minneapolis/downtown-east), [Downtown West](/cities/minneapolis/downtown-west), [Southwest Suburbs (Edina, Eden Prairie)](/cities/minneapolis/southwest-suburbs), [Downtown St. Paul](/cities/minneapolis/downtown-st-paul). The full Minneapolis submarket atlas is at [/cities/minneapolis](/cities/minneapolis). ## Topic deep-dives for North Loop For an institutional Class A occupier evaluating North Loop, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [North Loop — ](/cities/minneapolis/north-loop/rents-and-availability) - [North Loop — ](/cities/minneapolis/north-loop/tenant-profile) - [North Loop — ](/cities/minneapolis/north-loop/transit-and-commute) - [North Loop — ](/cities/minneapolis/north-loop/amenity-and-lifestyle) - [North Loop — ](/cities/minneapolis/north-loop/trophy-and-comparables) - [North Loop — ](/cities/minneapolis/north-loop/fit-out-and-spec) ## Related glossary Terminology specific to Minneapolis Class A leasing and to the prime tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## 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](/topics/fit-out-capex)">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/north-loop), updated 2026-04-15T00:00:00.000Z.