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Minnesota Innovation Exchange Office Space
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University Avenue Southeast, Minneapolis, MN 55414

Office space for rent in the Minnesota Innovation Exchange.

Space SizeContact for details
Days on Market272

Property Features for University Avenue Southeast

General Information

Standard status Active
Property subtype LifeSciences
Listing Agency:
Listed By: Mike Bowen
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 15 Last Checked: Aug 20 at 7:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mike Bowen

Investment Insights

Based on property information with market context.

The Minnesota Innovation Exchange, also known as "The MIX," is intended to be a hub for discovery, bringing together scientists, innovators, educators, businesses, and communities. Located on the eastern edge of the University of Minnesota’s campus in Minneapolis, it aims to be a center for discovery and economic development in the Twin Cities. This development is designed to foster collaboration between locally based companies, entrepreneurial start-ups, innovative businesses, and University researchers and students, with the goal of finding new approaches to enhance living, working, and thinking. The project is planned to be developed in phases. Upon completion, the project will encompass 12 acres of redeveloped land and over 3,000,000 square feet of life science, innovation, retail, hospitality, and residential space.

Key Highlights

  • Located in The Minnesota Innovation Exchange (The MIX), a new hub for discovery and economic development.
  • Joint venture partnership between The University of Minnesota Foundation and Mortenson.
  • Located at the eastern edge of the University of Minnesota’s flagship campus in Minneapolis.

Property Analytics

Current Use

Office buildings

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,606
Businesses Nearby

Demographics for 55414, MN

36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$19.2 /SF/Yr
Avg Asking Price
$10–$26 /SF/Yr
Price Range
31,413 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office space for rent in the Minnesota Innovation Exchange.
Where is this office building located?
The property is located at University Avenue Southeast Minneapolis, MN.
What are key features of this property?
This property features: Located in The Minnesota Innovation Exchange (The MIX), a new hub for discovery and economic development.; Joint venture partnership between The University of Minnesota Foundation and Mortenson.; Located at the eastern edge of the University of Minnesota’s flagship campus in Minneapolis.
More about this property
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