Market Intelligence
Minneapolis CBD Office Market Second Quarter 2018
Inventory
Total Direct Absorption (Square Feet)
Minneapolis CBD Area Map
400,000
300,000
6%
694
169
94
200,000
100,000
394
0
MINNEAPOLIS CBD
53%
41%
(100,000)
(200,000)
(300,000)
494
(400,000)
35W
(500,000)
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2016 2017 2018
Direct Vacancy Rate
Minneapolis CBD Office Market Statistics 2018 Q2
Class C
Class A Class B
35%
PERCENT VACANT
% VACANT W/ SUBLEASE
2018 YTD TOTAL AVG RATE TOTAL OE & T
MPLS CBD TOTAL # OF
BUILDINGS NRA VACANT SPACE SUBLEASE SPACE
30%
25%
Class A
25
14,278,100 2,067,920
58,707
14.50%
14.90% 78,282
$18.63
$14.58
20%
15%
Class B
57
11,062,745 2,908,093
87,443
26.30%
27.10%
23,154
$15.23
$10.99
10%
Class C
29
1,699,252
256,328
29,530
15.10%
16.80%
-2,336
$13.99
$8.08
5%
0%
Total Minneapolis CBD
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2016 2017 2018
111
27,040,097 5,232,341
175,680
19.40% 20.00% 99,100 $17.05
$12.83
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