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Minneapolis Market Report

Minneapolis Office Market

Average Asking Rate (Price/SF)
Vacancy Rate (%)
Net Absorption (SF)

After over 400,000 square feet of negative absorption in 2016, negative absorption continued into 2017. There was 39,811 square feet of negative absorption in the Minneapolis-St. Paul office market during the third quarter of 2017, bringing the year-to-date total to negative 283,542 square feet. Leasing activity has picked up, with large users making leasing decisions that will slow negative absorption in coming quarters.

Minneapolis Office Market Report
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