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FIGURES I MINNEAPOLIS INDUSTRIAL 1 032022 <br /> Market Area Overview <br /> Definitions <br /> Available Sq.Ft.:Space in a building,ready for occupancy within six months;can be occupied or vacant.Availability <br /> \ Rate:Total Available Sq.Ft.divided by the total building Area.Average Asking Lease Rate:A calculated average that <br /> NORTHWEST 252 includes net and gross lease rate,weighted by their corresponding available square footage.Building Area:The total <br /> floor area sq.ft.of the building,typically taken at the"drip line"of the building.Gross Activity:All sale and lease <br /> transactions completed within a specified time period.Excludes investment sale transactions.Gross Lease Rate: <br /> Rent typically includes real property taxes,building insurance,and major maintenance.Net Absorption:The change <br /> in Occupied Sq.Ft.from one period to the next.Net Lease Rate:Rent excludes one or more of the"net"costs(real <br /> ti 36 EAST property taxes,building insurance,and major maintenance)typically included in a Gross Lease Rate.Occupied Sq. <br /> MIDWA Ft:Building Area not considered vacant.Vacancy Rate:Total Vacant Sq.Ft.divided by the total Building Area. <br /> MINNEAPOLIS "�' ST PAUL Vacant Sq.Ft:Space that can be occupied within 30 days. <br /> oo) <br /> ^no�;vFaPous-srPau $UI'Vey Criteria <br /> %,":TLD-CHAti?BERLAIN/ <br /> Includes all industrial buildings 10,000 sq.ft.and greater in size in the Minneapolis/St.Paul market.Buildings which <br /> have begun construction as evidenced by site excavation or foundation work. <br /> SOUTHWEST <br /> i212� <br /> 69) � 1sJ SOUTH CENTRAL <br /> lsz� <br /> Contact <br /> Maggie Parra <br /> Senior Field Research Analyst <br /> +1 612 215 1268 <br /> maggie.parra@cbre.com <br /> ©Copyright 2022 All rights reserved.Information contained herein,including projections,has been obtained from sources believed to be reliable,but has not been verified for accuracy or completeness.CBRE,Inc.makes no guarantee,warranty or C B R E <br /> representation about it.Any reliance on such information is solely at your own risk.This information is exclusively for use by CBRE clients and professionals and may not be reproduced without the prior written permission of CBRE's Global Chief Economist. <br />