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FIGURES I MINNEAPOLIS OFFICE 1 032022
<br /> Market Summary Statistics
<br /> FIGURE 15:Minneapolis/St.Paul Office Market Statistics,Q3 2022(cont.on next page)
<br /> • Single
<br /> • • • • Combined Stat
<br /> MT Renatble MT Direct MT Direct
<br /> Submarket Area (Sq. Ft.) Availability Vacancy Vacancy Asking Ls Asking Rate Absorption Absorption MT&
<br /> • • • • • Rentable
<br /> ncc
<br /> • •
<br /> Rate
<br /> Metro Overall 76,651,422 22.0% 19.9% .l, $16.92 'i` (291,456) .l, 96,159,227 16.5%
<br /> A 37,562,933 18.5% 16.1% .j, $18.89 'j` (7,068) .j, 49,909,994 12.8%
<br /> B 31,988,104 25.8% 23.7% .j, $15.52 'j` (277,267) .j, 37,990,236 20.5%
<br /> C 7,100,385 23.6% 22.4% 'j` $15.61 'j` (7,121) .j, 8,258,997 20.6%
<br /> Minneapolis CBD 22,975,415 23.7% 21.8% 'i` $18.31 'i` (67,188) .l, 28,890,626 17.9%
<br /> A 14,243,494 16.6% 14.4% $20.46 'i` (39,773) .l, 19,531,901 10.9%
<br /> B 7,172,093 36.8% 35.3% $16.69 'j` (26,251) .j, 7,275,368 35.3%
<br /> C 1,559,828 28.2% 27.3% 'j` $16.79 'j` (1,164) .j, 2,083,357 22.1%
<br /> 394 11,651,502 20.0% 18.8% .j, $20.14 .j, (72,601) .j, 12,908,891 18.6%
<br /> A 5,949,679 20.0% 18.7% .j, $22.22 'j` 23,242 'j` 6,985,129 17.9%
<br /> B 4,686,491 22.6% 21.3% 'j` $17.92 'j` (82,443) .j, 4,875,430 21.3%
<br /> C 11015,332 8.1% 7.7% .j, $15.23 .j, (13,400) .j, 1,048,332 9.9%
<br /> 494 16,962,381 20.0% 17.7% .j, $16.28 .j, (9,902) .j, 19,685,885 15.6%
<br /> A 8,478,788 17.8% 15.2% $17.99 (39,622) .j, 10,396,835 12.8%
<br /> B 7,017,416 22.3% 20.3% 'j` $14.68 'j` 36,074 'j` 7,822,873 18.5%
<br /> C 1,466,177 21.4% 19.8% .l, $14.50 .l, (6,354) .l, 1,466,177 20.1%
<br /> North Loop 4,146,263 26.6% 24.5% .j, $18.60 .j, (17,337) 'j` 4,383,763 25.6%
<br /> A 877,775 12.6% 10.8% .j, $23.02 'j` 0 1,115,275 10.9%
<br /> B 2,244,628 31.3% 29.0% .l, $18.79 .l, (24,361) .l, 2,244,628 30.7%
<br /> C 1,023,860 28.4% 26.5% 'j` $16.13 'j` 7,024 'j` 11023,860 30.5%
<br /> Source:CBRE Research,Q2 2022.
<br /> 6 CBRE RESEARCH ©2022 CBRE,INC.
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