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FIGURES I MINNEAPOLIS/ST. PAUL INDUSTRIAL 1042025 <br />FIGURE 4: Net Absorption Trend <br />Net Absorption <br />Sq. Ft millions <br />• <br />- <br />,- <br />oaoc0?ryoao <br />■ <br />0 <br />0 0 0 0 0 0 <br />Rolling 40 Avg. <br />Net Absorption <br />rorz0 cv <br />0 <br />3 o <br />ec 7 ` <br />c‘0 m C <br />a o <br />w (� <br />c "O2 m LC) <br />U w <br />O $ <br />O <br />N LT <br />a) <br />1 <br />L W 0 Y 3 <br />3 a) 0 a P <br />E O <br />N L <br />N ON 0 • <br />d C CO 0 Q `Q� <br />o 2 Y Oc <br />,i90 L0 UM <br />0 O L 1 <br />" > <br />d <br />s Y w <br />N > N (n L In <br />Og c v) O <br />Q 0 c c 'Q N <br />0 c c <br />C C N a <br />C <br />N Q N L .O <br />a• <br />N o. cn Jo c a <br />0) > co <br />N L.,O > cn a <br />Y a) N <br />m 0 E O E a,_ a <br />a C 0O C <br />. In co <br />O a) O c N ID .N O a) O E 'p Y <br />a 0 a E 0 <br />N co C C 0 d to O <br />co a <br />co D C O <br />• <br />con n o aOi op n - .. <br />L • <br />au 0-.0 Imo <br />0 c N L <br />j N co r 0 E N <br />_O i 0, a) <br />< <br />> (.0o Y m C O co <br />N a) (h c N N -? (+7 <br />as co co me 00 a) <br />N 0 > a) L 0,, O e. <br />C C• <br />can O .3 04 <br />0 O <br />C` 0 (o N d ` U <br />CO Qen m Y 0) <br />.a d 0 co O C> <br />c0 T E o p 0 <br />a N L L o C (Ni <br />N a) L N CON >,> 'Zr,y ' a) co c a <br />co :' Y Y L) Y E '6 `o a) <br />a c <br />Z n. E E O m Y m coo <br />Construction Activity <br />C <br />0 <br />E <br />LL <br />6. O O O. O. O O <br />cJ o co co s c'l o <br />N <br />C 0) U <br />d047. <br />U N <br />O c_ N O 0, <br />co m <br />cr <br />C d 03 J M L can <br />O 0 ` <br />0 U 0 Y 3 cy O O <br />a) d <br />CD <br />a, 0 o O 2 C 0 co (n <br />(h L O o DE <br />o N r- L p) 0 Cr <br />E Q (n c E N CD <br />mE a) a - o c< a`3 <br />a <br />_� 2 = o 0) > <br />0' O C 0 � d 0 0 <br />> C a) <br />N- ,. a) 0 a > o Y co <br />O Q CO C C 0 3 0 <br />L)(y <br />M O �.Q} > d -0 O N N <br />O r CO aN., C m N O <br />co d N 43 . ? m 0 <br />cow <br />C c C a.0 O <br />C o C <br />CO N a) m co 0 <br />O N me- 00 N ~ N <br />m <br />cn <br />>; d 0 M U N 17 0 N Q <br />co a1 N <br />3 N _ N N L L L i <br />a) O O 0 ) p M• <br />.o Q v J m co CO Z a`. <br />c (n a <br />0 en c` cc) j E T L > <br />U M a+ 0 co0 > L <br />a U N — 3 co <br />F 0) > L <br />wtm <br />QD > a _I -0 N C a 0 <br />W 0 = C O <br />N O -0 co> a) Ea_O d C <br />_ O m C O d <br />N 3 COa m C 0> <br />too m <br />N <br />L.., To <br />U L CO C 0 °, <br />N O 3 0in t' L.., U N <br />Ocm <br />NNO <br />a Y X ui cn a <br />c c N 3 N <br />m <br />o '� 2O <br />O d > 'N — CD <br />C o (n a a ClCV <br />o 0 <br />• Under Construction • Deliveries <br />Source: CBRE Research 04 2025 <br />0 2025 CBRE. INC. <br />CBRE RESEARCH <br />N <br />