8/25/21

North Loop Minneapolis Office Market Report | Mid-Year 2021

The North Loop has proven to be one of the strongest submarkets in the Twin Cities. Despite a challenging year due to the COVID-19 pandemic, this Minneapolis neighborhood has continued to thrive.

Activity has been strong with office leasing, as the newest office development project, The Nordic, recently announced that it had reached full occupancy. As more users look to move into the area, investors are proving to be bullish in the submarket as well. Recent acquisitions of properties like Colonial Warehouse and multi-building portfolios prove that investors have confidence in the future of the North Loop.

This submarket has a variety of options available today. From subleases to spec suites to traditional landlord direct deals – the North Loop has spaces in a wide range of sizes to accommodate the traditional area users, like start-up companies or tech companies, as well as newer tenants gaining interest in the area, such as professional services firms or satellite offices for Fortune 500 companies.

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And if you have any questions about leasing office space in the North Loop, please reach out to Rokos Advisors. We are here for you and happy to help.

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