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FIGURES I MINNEAPOLIS OFFICE 1 032022
<br /> FIGURE 15:Minneapolis/St.Paul Office Market Statistics,Q3 2022(cont.from previous page)
<br /> • Singpr
<br /> MT Renatble MT Direct MT Direct • • Dir • • • • -•
<br /> Area Submarket Availability Vacancy Vacancy Asking Ls Asking Rate Absorption Absorpti
<br /> Trend • • • Rentable
<br /> Area •
<br /> Midway 2,534,180 14.5% 14.2% $16.12 (20,330) 3,608,522 10.7%
<br /> A 603,984 24.2% 24.2% $16.50 5,227 603,984 24.7%
<br /> B 1,531,962 11.7% 11.5% .j, $15.21 .j, (26,249) .j, 2,325,917 8.6%
<br /> C 398,234 10.5% 9.3% $18.73 692 678,621 5.4%
<br /> Northeast 2,424,556 9.5% 8.6% $14.74 15,025 2,709,710 7.9%
<br /> A 465,813 21.8% 18.6% .L $15.44 .L 20,791 'i` 465,813 18.6%
<br /> B 1,819,117 5.7% 5.4% .L $14.61 .L (5,766) .L 2,104,271 5.0%
<br /> C 139,626 17.5% 15.7% .L $12.47 .L 0 139,626 15.7%
<br /> BEA 3,644,915 25.5% 22.5% .L $12.45 .L (8,249) .L 5,145,417 16.0%
<br /> A 1,806,727 21.8% 18.2% $13.89 18,460 2,345,765 14.0%
<br /> B 1,709,176 30.7% 28.1% $11.88 (27,335) 2,670,640 18.0%
<br /> C 129,012 10.3% 8.5% $11.23 626 129,012 8.5%
<br /> Northwest 1,374,588 22.6% 19.7% $12.98 24,313 2,564,191 10.6%
<br /> A 244,850 6.5% 5.5% .L $13.28 'i` 0 1,245,981 1.1%
<br /> B 851,663 26.7% 22.4% $13.12 23,881 1,040,135 18.3%
<br /> C 278,075 24.1% 24.1% 'j` $12.45 'j` 432 'j` 278,075 24.1%
<br /> St. Paul CBD 6,042,576 23.7% 19.5% $12.94 (46,165) 8,707,661 13.8%
<br /> A 2,685,792 20.0% 17.8% $13.06 28,181 3,240,792 15.0%
<br /> B 3,047,791 26.8% 20.6% .L $12.57 'j` (77,143) .L 5,157,876 12.4%
<br /> C 308,993 25.3% 23.5% $16.06 2,797 308,993 23.5%
<br /> Suburban St. Paul 4,863,145 27.6% 24.4% $13.66 (89,022) 7,522,660 16.3%
<br /> A 2,120,799 28.2% 21.2% $14.03 (23,574) 3,893,287 12.6%
<br /> B 1,956,199 21.6% 21.2% .L $13.74 'j` (67,674) 'j` 2,521,530 16.4%
<br /> C 786,147 41.0% 41.0% $10.85 2,226 1,107,843 28.9%
<br /> Source:CBRE Research,Q2 2022.
<br /> 7 CBRE RESEARCH ©2022 CBRE,INC.
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