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Minneapolis Market Report

Minneapolis Office Market

Average Asking Rate (Price/SF)
   $24.52
Availability Rate (%)
     11.8%
Net Absorption (SF)
   85,371

The Minneapolis-St. Paul office market positively absorbed 85,371 square feet during the third quarter of 2018. Vacancy was 11.8%, down from 12.4% at year-end 2017. Year-to-date, the market has absorbed 931,604 square feet. The Southwest submarket let absorption with 412,910 square feet absorbed. Class A properties have had the strongest absorption year-to-date, with 438,272 square feet absorbed.



Minneapolis Office Market Report
3Q18
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Minneapolis-St. Paul Office Market Trends
2Q18
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