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MARKET REPORT I Q2 2013 I OFFICE I MINNEAPOLIS-ST. PAUL
<br /> Market Statistics
<br /> SUBMARKET TOTAL DIRECT SUBLEASE %VACANT %VACANT 2ND QUARTER YTD QUOTED NET
<br /> SF VACANT SF VACANT SF DIRECT W/SUBLEASE ABSORPTION ABSORPTION RENTAL RATES
<br /> AIRPORT/SOUTH OF THE RIVER
<br /> A 1,787,717 300,166 3,951 16.8% 17.0% (16,719) (18,324) $12.55
<br /> B 3,517,702 652,937 8,197 18.6% 18.8% (6,392) 2,970 $11.61
<br /> C 1,363,655 239,819 12,027 17.6% 18.5% (2,416) 4,668 $9.58
<br /> Totals: 6,669,074 1,192,922 24,175 17.9% 18.2% (25,527) (10,686) $11.41
<br /> MINNEAPOLIS CBD
<br /> A 12,854,246 1,407,815 317,751 11.0% 13.4% (21,953) (18,124) $16.90
<br /> B 10,903,696 1,853,823 140,987 17.0% 18.3% 41,964 (1,125) $11.18
<br /> C 4,281,345 716,031 231,668 16.7% 22.1% 29,745 44,968 $10.50
<br /> Totals: 28,039,287 3,977,669 690,406 14.2% 16.6% 49,756 25,719 $12.40
<br /> SOUTHWEST
<br /> A 9,473,521 1,282,070 60,683 13.5% 14.2% 35,167 82,615 $14.70
<br /> B 5,751,919 906,111 105,169 15.8% 17.6% (67,420) (61,212) $11.43
<br /> C 1,072,901 264,319 0 24.6% 24.6% 52,993 33,556 $10.17
<br /> Totals: 16,298,341 2,452,500 165,852 15.0% 16.1% 20,740 54,959 $12.99
<br /> ST PAUL CBD
<br /> A 2,128,667 262,070 17,270 12.3% 13.1% (10,283) 743 $12.36
<br /> B 5,228,134 1,194,736 9,529 22.9% 23.0% 30,910 66,281 $10.98
<br /> C 918,436 89,951 0 9.8% 9.8% 247 8,483 NA
<br /> Totals: 8,275,237 1,546,757 26,799 18.7% 19.0% 20,874 75,507 $11.39
<br /> ST. PAUL SUBURBAN
<br /> A 2,517,775 346,089 20,840 13.7% 14.6% (8,438) 14,388 $13.98
<br /> B 6,519,261 995,794 17,736 15.3% 15.5% 28,354 (33,280) $10 80
<br /> C 2,165,179 297,042 0 13.7% 13.7% 7,350 7,818 $8.71
<br /> Totals: 11,202,215 1,638,925 38,576 14.6% 15.0% 27,266 (11,074) $11.51
<br /> WEST/NORTHWEST
<br /> A 5,437,479 779,849 52,608 14.3% 15.3% 42,850 49,697 $15.27
<br /> B 5,752,829 1,050,757 25,635 18.3% 18.7% 132,233 271,917 $11.39
<br /> C 2,119,520 272,506 3,519 12.9% 13.0% (4,400) 28,861 $7.98
<br /> Totals: 13,309,828 2,103,112 81,762 15.8% 16.4% 170,683 350,475 $12.29
<br /> WEST
<br /> A 4,038,190 364,348 43,316 9.0% 10.1% 46,937 NA $17.12
<br /> B 4,013,898 578,979 18,541 14.4% 14.9% 92,382 NA $11.92
<br /> C 803,893 124,943 3,519 15.5% 16.0% (1,738) NA $8.63
<br /> Total 8,855,981 1,068,270 65,376 12.1% 12.8% 137,581 NA $13.00
<br /> NORTHWEST
<br /> A 1,399,289 415,501 9,292 29.7% 30.4% (4,087) NA $13.43
<br /> B 1,738,931 471,778 7,094 27.1% 27.5% 39,851 NA $10.07
<br /> C 1,315,627 147,563 0 11.2% 11.2% (2,662) NA $7.08
<br /> Total 4,453,847 1,034,842 16,386 23.2% 23.6% 33,102 NA $11.18
<br /> TOTAL ALL MARKETS
<br /> A 34,199,405 4,378,059 473,103 12.8% 14.2% 20,624 110,995 $14.64
<br /> B 37,673,541 6,654,158 307,253 17.7% 18.5% 159,649 245,551 $11.27
<br /> C 11,921,036 1,879,668 247,214 15.8% 17.8% 83,519 128,354 $9.30
<br /> Totals: 83,793,982 12,911,885 1,027,570 15.4% 16.6% 263,792 484,900 $12.16
<br /> The above table is summarized data on multi-tenant office buildings greater than 20,000 square feet.
<br /> Not included are single-tenant,owner-occupied,medical or government buildings.
<br /> COLLIERS INTERNATIONAL I MINNEAPOLIS-ST.PAUL
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