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CBREMARKETVIEW <br />MINNEAPOLIS/ST. PAUL RETAIL <br />Figure 2: Quarterly Change in U.S. Retail Spending by Category • Rolling 4-Quarters • Q2 2021 <br />Building Mat. & Garden Equip. & Supplies Dealers <br />Furniture & Home Furn. Stores <br />Food Services & Drinking Places <br />Electronics & Appliance Stores <br />Gasoline Stations <br />Sporting Goods, Hobby, Book & Music Stores <br />Department Stores (Excl. L.D.) <br />Miscellaneous Store Retailers <br />Clothing & Clothing Access. Stores <br />Grocery Stores <br />Nonstore Retailers <br />Health & Personal Care Stores <br />Source: U.S. Census Bureau, Q2 2021. <br />1 <br />1• <br />■ <br />■ <br />0/0 20% 40% 60% 80% 100% 120% 140% 160% 1 8 0 % <br />Clothing, furniture, restaurants and electronics <br />stores showed the strongest quarterly recovery in <br />Q2 2021. <br />A 114,608 sq. ft. lease by HOM Furniture at <br />Midway Marketplace placed the St. Paul <br />submarket ahead of all others with 24% of all H1 <br />2021 leasing. A 75,000 sq. ft. lease by Rypen at the <br />Galleria put the Bloomington/Edina/Richfield <br />(B/E/R) submarket in second place with 19%, just <br />ahead of the Northwest submarket, which had <br />15% of all leasing. <br />Furniture stores represented the top four leases in <br />H1 2021, including Schneiderman's 47,103 sq. ft. <br />lease at Rosedale Commons and Bob's Discount <br />Furniture further expanding with a 37,109 sq. ft. <br />lease at Arbor Lakes. <br />Figure 4: Top Lease Transactions <br />Figure 3: Major Leases by Submarket <br />Source: CBRE Research, HI 2021. <br />• St. Paul <br />• B/E/R <br />• Northwest <br />• South <br />• East <br />• Minneapolis <br />Northeast <br />• North <br />Southwest <br />• West <br />Tenant <br />Sq. Ft. Center City Landlord <br />HOM Furniture <br />114,608 <br />Midway Marketplace <br />St. Paul <br />Kraus -Anderson <br />Rypen <br />75,000 <br />Galleria <br />Edina <br />Hines <br />Schneiderman's 47,103 Rosedale Commons Roseville Tanurb Developments, Inc. <br />Bob's Discount Furniture 37,109 <br />Arbor Lakes <br />Maple Grove Kimco Realty <br />Burlington <br />32,874 Hi -Lake Center Minneapolis Wellington Management <br />Source: CBRE Research, HI 2021. <br />H1 2021 CBRE Research <br />© 2021 CBRE, Inc. 2 <br />