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Minneapolis Market Report

Minneapolis Office Market

Average Asking Rate (Price/SF)
      $28.42
Availability Rate (%)
       11.0%
Net Absorption (SF)
     198,357

The vacancy rate in the Minneapolis-St. Paul office market was 11.0% during the third quarter of 2019, down from 11.2% in the second quarter. Absorption was positive at 198,357 square feet, which marks the 11th straight quarter of positive absorption. The year-to-date absorption is 727,030 square feet and the Southwest led submarket absorption for the quarter with 140,169 square feet absorbed.



Minneapolis Office Market Report
3Q19
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Minneapolis Office Market Trends
3Q19
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