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Warehouses for Rent in Minneapolis: View Rates & Lease Space Fast

Looking for warehouses for rent in Minneapolis? See current lease rates, top submarkets, and available space. Contact us today to find a warehouse that fits your needs.

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Warehouses for Rent in Minneapolis: View Rates & Lease Space Fast
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✍️ Written by: Will Schneider 🖊️ Edited by: Brandy Welborn
× We evaluate warehousing providers using research, data, and direct industry feedback, never paid placements or commissions. Learn how we maintain objectivity.

If you’re looking for warehouse space in Minneapolis, you need real numbers, clear options, and a fast path forward. Here’s what it costs to lease, what affects the price, and where to look based on your business needs.

Why Businesses Lease in Minneapolis

Leasing gives you the flexibility to act fast without locking up capital. Here’s how it plays out:

  • Fast occupancy – Get operations moving in weeks, not months.
  • Lower upfront cost – Pay rent, not property taxes or repair bills.
  • Room to adapt – Scale up or down without getting stuck.

Minneapolis Warehouse Lease Rates

Most warehouse space in the Minneapolis–St. Paul area rents between $5.75 and $9.50 per square foot per year, depending on size, features, and submarket demand.

Current pricing trends:

  • Under 10,000 sq ft → $8.25–$9.50 PSF/year
  • 10,000–50,000 sq ft → $6.50–$8.25 PSF/year
  • 50,000+ sq ft → $5.75–$7.00 PSF/year

Spaces with cold storage, higher ceilings, or extra dock capacity tend to cost more.

What Drives Your Lease Cost

A few key factors will shape your rate:

  • Size – Smaller units cost more per square foot.
  • Building age – Newer or renovated buildings rent higher but need less upkeep.
  • Features – Climate control, dock doors, or clear height affect price.
  • Term length – One-year leases are more expensive than three- to five-year deals.

Where to Lease: Minneapolis Warehouse Submarkets

These are the most active leasing areas around the metro:

  • Northwest (Maple Grove, Brooklyn Park): Modern, midsize to large buildings. Good fit for logistics and fulfillment.
  • Midway (Minneapolis–St. Paul corridor): Smaller spaces with city access. Common among delivery and light manufacturing teams.
  • Bloomington / Eagan: Consistent inventory of small and midsize units. Popular with e-commerce and service providers.
  • Northeast Minneapolis: Older stock, smaller footprints. Often used for trades and last-mile storage.
  • Burnsville / Lakeville: Newer, larger facilities. Lower rates, better suited for bulk operations or regional distribution.

Why Leasing Works for Most Businesses

Leasing keeps you nimble. You avoid ownership costs, skip long approvals, and stay focused on your operation rather than property management. If your priority is flexibility and speed, leasing is the practical choice.

Get the Right Space—Without Delay

Need 7,000 square feet? Or 70,000? We’ll show you available spaces that match your specs and budget. Contact our team today to get started.

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author avatar
Will Schneider President

Will Schneider is the Co-Founder and President of WarehousingAndFulfillment.com. He’s responsible for the strategic vision of the company. Previously, he served CEO of RMC Fulfillment and Clear Stream Fulfillment within the 3PL industry, gaining invaluable experience that helps the company best assist companies looking to outsource their fulfillment. In addition, Will served in executive management in the lead generation industry while at NetQuote, a leading lead generation company in the insurance vertical. See full bio

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WarehousingAndFulfillment.com’s content, including ratings and recommendations, is curated by a team of dedicated warehousing experts with decades of experience in the logistics industry. Each writer and editor adheres to WarehousingAndFulfillment.com’s strict editorial and evaluation guidelines. Our work has been featured in authoritative industry publications such as Information Week, Bplans, Supply & Demand Chain Executive, Chain Store Age, Parcel Industry, Manufacturing Digital, and The Association for Supply Chain Management. Since 2005, our experience in matching businesses with warehouse solutions and vetting warehouse providers includes:

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