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CBRE <br />MARKETVI EW <br />Minneapolis/St. Paul Retail, Q2 2015 <br />Steady 02 2015 gearing up for a <br />flurry of activity <br />Vacancy Rate <br />7.3% <br />Net Asking Rate <br />$17.77 <br />Figure 1: Direct Vacancy Rate and Lease Rate <br />Vacancy Rate (%) <br />10 <br />9 <br />8 <br />7 <br />6 <br />5 <br />4 <br />3 <br />2 <br />1 <br />0 <br />Net Absorption 0 Under Construction <br />36,104SF 1,863,361 SF <br />*Arrows indicate change from previous quarter. <br />Net Asking Rent (S) <br />19 <br />111111111111'.111111,11 1 <br />••ii:1111111_!111111111il1 <br />11111:: <br />