Submarkets
Three submarkets, southwest metro.
Each guide covers current vacancy and rent, the active landlord landscape, and a take on where the leverage actually sits. Updated as the market moves.
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Eden Prairie
10% vacancyEden Prairie is the largest flex submarket in the 494 corridor at 5.5M SF across 97 buildings. Vacancy has climbed through the past five quarters, and tenants in the 3,000–12,000 SF range have more options than at any point since 2021.
- Asking rent (NNN)
- $10.5–$12.5/SF
- Available spaces
- 30 · 3,000–12,000 SF
Read the Eden Prairie guide →
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Bloomington
6.9% vacancyBloomington's 3.4M SF flex inventory clusters along the 494 corridor and around Normandale. Vacancy has drifted up from the 2024 lows, with roughly 19 spaces currently marketed in the 3,000–12,000 SF range.
- Asking rent (NNN)
- $10.5–$12/SF
- Available spaces
- 19 · 3,000–12,000 SF
Read the Bloomington guide →
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Minnetonka
8% vacancyMinnetonka is the smallest of the three core 494 flex submarkets at 2.3M SF across 40 buildings. After tightening sharply through 2024, vacancy has reset upward in 2026 with roughly 19 spaces available in the 3,000–12,000 SF range.
- Asking rent (NNN)
- $11–$13/SF
- Available spaces
- 19 · 3,000–12,000 SF
Read the Minnetonka guide →