South Minneapolis contains many small neighborhoods, each with distinctive demographics, economy, and character. From Linden Hills to Kingfield to Powderhorn to Tangletown, These neighborhoods offer many different types of opportunities for those who are willing to look. Ackerberg has worked in all of them, and we enjoy applying our aptitude for solving problems to the diverse challenges in each of the neighborhoods of South Minneapolis.
While there are pockets on either end of the spectrum, generally speaking, the households of South Minneapolis are experiencing growth in the median hosehold income. Many neighborhoods have high proportion of households with children, as well. These demographics are very attractive to businesses that cater to these market segments. The neighborhoods of South Minneapolis have a high density of single family homes, and multiple central economic hubs that contain many owner-user commercial buildings. These unique business districts, easy transportation access, and proximity to the lakes and other recreation areas them walkable, amenity-rich communities with very active economies.
While we do continues to see new opportunities for development and growth inSouth Minneapolis, restrictions will likely continue to constrain development in these areas. This will have the effect of keeping commercial real estate prices on the higher side while also making new opportunities more exclusive and attractive to concepts that can absorb the higher overhead costs. Still development is occurring, and for those who want to be creative, Ackerberg can be an ideal partner to helping you understand the commercial real estate opportunities that lie in South Minneapolis.