Minneapolis commercial real estate
The Avison Young Minneapolis office provides commercial real estate services to property owners and occupiers
Avison Young Minnesota offers a full suite of commercial real estate services to best meet the needs of our customers and clients. Centrally located in the Twin Cities, we readily serve the metropolitan area, and greater Minnesota and Wisconsin.
Our experienced team of commercial real estate advisors cover all major industry sectors including office, industrial, retail, multi-family, and hospitality. Our services include but not limited to, consulting, capital markets, leasing, property management, and project management.
Avison Young is grounded on a unique foundation of partnership. Our Principals are both the owners and leaders - the shareholders and team managers - of our business. This model allows us the freedom to configure and re-shape our team and expertise around your business demands, ensuring that your commercial real estate needs will always be met.
Minneapolis commercial real estate services
Avison Young’s brokerage teams in Minnesota have consistently completed major leasing and sales transactions across all asset types. We’ve worked on the behalf of tenants, landlords, investors, vendors, and buyers alike, including many large national and international corporate clients.
Whether you are an owner, investor, occupier, or developer, our team delivers results aligned with your strategic business objectives, supporting real estate initiatives that add value and build a competitive advantage for your organization. Pair our commercial real estate experts’ critical market knowledge with the best technology in the industry, and you will gain solutions carefully tailored for you.
Find Minneapolis properties for sale or lease
Search Avison Young’s Minneapolis commercial real estate listings for sale and lease to find the right commercial property for you. Our investment and leasing opportunities include office, industrial, warehouse and retail properties.
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SaleActiveOFFICE FOR SALECreative Loft4120 Excelsior Blvd
St Louis Park, MN 55416 -
LeaseActiveOFFICE FOR LEASEOffice Building6200 Baker Road, Eden Prairie, MN 55346
Eden Prairie, MN 55346 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building4500 Park Glen Road
St Louis Park, MN 55416 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building3140 Neil Armstrong Boulevard
Eagan, MN 55121 -
SubleaseActiveOFFICE SUBLEASEOffice Building1155 Centre Pointe Drive
Mendota Heights, MN 55120 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building9855 West 78th Street
Eden Prairie, MN 55344 -
LeaseActiveOFFICE SPACE FOR LEASEOffice Building7225 Northland Drive
Brooklyn Park, MN 55428 -
LeaseActive460 Hoover Street NEWarehouse Distribution460 Hoover Street NE
Minneapolis, MN 55413
Minneapolis commercial real estate news
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Avison Young under new market leadership in DenverApril 28, 2025 -
Avison Young celebrates Women of Influence, class of 2025April 24, 2025 -
Avison Young strengthens brokerage services in Florida with three strategic hiresApril 3, 2025 -
Avison Young establishes national Investments Sales platform focusing on multifamily, office, retail and development sectorsMarch 12, 2025
Minneapolis commercial real estate insights
Small space users remain active amidst low MSP leasing activity
In this data bite, we took a closer look at the Minneapolis – St. Paul Q1 2025 leasing activity by various lease size buckets in relation to the Q1 pre-pandemic average (2015-2019). This analysis showed that, while the overall MSP market has seen a sharp decline in the amount of leased office square footage in Q1 2025, the market has seen a marginal decline in the actual number of lease deals being signed. Notably, there was nearly 7% more leases signed Below 5ksf in Q1 2025 than the pre-pandemic average – largely responsible for the overall market’s number of deals signed being relatively in-line with the pre-COVID average. Mid-to-large size space users all experienced significantly less leased space, in addition to fewer deals being signed.
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MSP office sublease market sees stabilizing availability
In this data bite, we took a closer look at the Minneapolis – St. Paul sublease availability and its stabilization that we have observed since peaking at 4.4 msf in Q2 2023. Since falling to 3.5 msf in Q2 2024, sublease availability has shown minimal fluctuation, with 3.3 msf available in Q2TD 2025, a decline of just under (5.0%). Over half of the 3.3 msf is concentrated in the Minneapolis CBD and North Loop submarkets, with Target’s City Center sublease space comprising nearly half of this availability in downtown.
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Established MSP industrial properties maintain strong tenant retention
In this data bite, we took a closer look at the industrial property occupancy rates by analyzing our tracked AY inventory by build date and size buckets. This analysis shows an interesting trend of well-established industrial properties consistently maintaining very strong tenant-retention, as industrial properties constructed before 2020 have sustained an average occupancy rate of 96%. Alternatively, newer industrial construction built post-2020 has seen average occupancy rates fall to just under 78% overall. Interestingly, newly built small-bay industrial product has shown a strong occupancy rate of 99%, highlighting the advantage of greater maneuverability that smaller industrial users hold over large industrial users occupying large blocks of space within older, more established properties, who face more challenges in terms of relocating existing operations. Average occupancy rates of newly built properties larger than 100ksf recording below 82% underscores the challenges of absorbing speculative supply in a shifting market.
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MSP’s office market could see 260 bps reduction in vacancy following office to residential conversions identified in St. Paul’s downtown
In this data bite, we took a look at the potential market impact on MSP inventory and vacancy rates based on a separate, recently published office conversion study performed by architecture firm Gensler, on behalf of the St. Paul Downtown Alliance. In this study, 20 properties were identified as candidates for office conversions, with a number of these properties found to be potentially suitable for conversion. In Gensler’s office to residential conversion analysis, 9 office properties were noted as good candidates for successful conversions, resulting in a sharp increase of residential units in St. Paul’s downtown and the depletion of nearly 3.5 msf of vacant office space (due to proposed conversions being fully vacant), dropping MSP office inventory from 112.9 msf to 109.4 msf. This initiative will significantly impact the area, as it would reduce the market vacancy rate from 17.7% to 15.1%, a 260 basis points (bps) decline. **It should be noted that healthcare, hotel, retail, government & fully owner-occupied office properties identified by Gensler were omitted from this analysis due to our AY tracking metrics.
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Minneapolis commercial real estate consultants
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