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Minneapolis Market Report

Minneapolis Office Market

Average Asking Rate (Price/SF)
 $25.98
Vacancy Rate (%)
   16.1%
Net Absorption (SF)
 -39,811

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
3Q17
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