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MARKET REPORT 02 2015 I OFFICE I MINNEAPOLIS -ST. PAUL
<br />Market Statistics
<br />AIRPORT/SOUTH OF THE RIVER
<br />A
<br />1,713,357
<br />155,656
<br />9.1%
<br />4,639
<br />9.4%
<br />$14.02
<br />22,876
<br />38,175
<br />B
<br />3,570,547
<br />534,455
<br />15.0%
<br />61,196
<br />16.7%
<br />$11.40
<br />9,750
<br />22,829
<br />C
<br />1,273,707
<br />161,764
<br />12.7%
<br />0
<br />12.7%
<br />$10.08
<br />(223)
<br />14,524
<br />Totals:
<br />6,557,611
<br />851,875
<br />13.0%
<br />65,835
<br />14.0%
<br />$11.63
<br />32,403
<br />75,528
<br />MINNEAPOLIS CBD
<br />A
<br />13,041,205
<br />1,688,701
<br />12.9%
<br />220,045
<br />14.6%
<br />$17.02
<br />156,091
<br />(112,230)
<br />B
<br />11,062,572
<br />1,593,819
<br />14.4%
<br />208,942
<br />16.3%
<br />$14.36
<br />113,644
<br />198,661
<br />C
<br />3,698,785
<br />511,027
<br />13.8%
<br />0
<br />13.8%
<br />$11.71
<br />31,738
<br />39,143
<br />Totals:
<br />27,802,562
<br />3,793,547
<br />13.6%
<br />428,987
<br />15.2%
<br />$14.36
<br />301,473
<br />125,574
<br />SOUTHWEST
<br />A
<br />9,473,521
<br />1,152,315
<br />12.2%
<br />121,547
<br />13.4%
<br />$15.28
<br />99,098
<br />110,308
<br />B
<br />6,142,557
<br />1,229,293
<br />20.0%
<br />192,904
<br />23.2%
<br />$13.15
<br />(9,829)
<br />(29,734)
<br />C
<br />851,675
<br />87,851
<br />10.3%
<br />0
<br />10.3%
<br />$12.38
<br />20,511
<br />47,703
<br />Totals:
<br />16,467,753
<br />2,469,459
<br />15.0%
<br />314,451
<br />16.9%
<br />$14.17
<br />109,780
<br />128,277
<br />ST. PAUL CBD
<br />A
<br />2,128,667
<br />306,347
<br />14.4%
<br />28,725
<br />15.7%
<br />$12.78
<br />40,590
<br />14,114
<br />B
<br />4,779,720
<br />1,054,587
<br />22.1%
<br />22,193
<br />22.5%
<br />$10.94
<br />592
<br />(63,062)
<br />C
<br />831,936
<br />59,580
<br />7.2%
<br />0
<br />7.2%
<br />$8.00
<br />(21,711)
<br />(8,709)
<br />Totals:
<br />7,740,323
<br />1,420,514
<br />18.4%
<br />50,918
<br />19.0%
<br />$11.31
<br />19,471
<br />(57,657)
<br />ST. PAUL SUBURBAN
<br />A
<br />2,895,775
<br />518,420
<br />17.9%
<br />65,288
<br />20.2%
<br />$14.44
<br />20,446
<br />57,185
<br />B
<br />6,460,608
<br />944,558
<br />14.6%
<br />77,634
<br />15.8%
<br />$11.68
<br />54,116
<br />55,801
<br />C
<br />2,165,179
<br />276,623
<br />12.8%
<br />0
<br />12.8%
<br />$8.89
<br />(5,226)
<br />(28,086)
<br />Totals:
<br />11,521,562
<br />1,739,601
<br />15.1%
<br />142,922
<br />16.3%
<br />$12.68
<br />69,336
<br />84,900
<br />WEST/NORTHWEST
<br />A
<br />5,279,479
<br />485,639
<br />9.2%
<br />65,624
<br />10.4%
<br />$17.12
<br />75,871
<br />58,641
<br />B
<br />5,927,417
<br />1,168,493
<br />19.7%
<br />51,803
<br />20.6%
<br />$12.86
<br />(119,297)
<br />(91,745)
<br />C
<br />2,077,520
<br />183,082
<br />8.8%
<br />0
<br />8.8%
<br />$8.95
<br />(28,435)
<br />(22,544)
<br />Totals:
<br />13,284,416
<br />1,837,214
<br />13.8%
<br />117,427
<br />14.7%
<br />$13.71
<br />(71,861)
<br />(55,648)
<br />WEST
<br />A
<br />4,038,190
<br />352,049
<br />8.7%
<br />55,755
<br />10.1%
<br />$18.26
<br />(44,534)
<br />(70,969)
<br />B
<br />3,962,743
<br />731,956
<br />18.5%
<br />13,147
<br />18.8%
<br />$13.44
<br />(136,148)
<br />(131,347)
<br />C
<br />761,893
<br />63,385
<br />8.3%
<br />0
<br />8.3%
<br />$9.24
<br />(10,650)
<br />(1,798)
<br />Totals:
<br />8,762,826
<br />1,147,390
<br />13.1%
<br />68,902
<br />13.9%
<br />$14.34
<br />(191,332)
<br />(204,114)
<br />NORTHWEST
<br />A
<br />1,241,289
<br />133,590
<br />10.8%
<br />9,869
<br />11.6%
<br />$13.90
<br />9,205
<br />33,337
<br />B
<br />1,738,931
<br />391,093
<br />22.5%
<br />13,455
<br />23.3%
<br />$11.45
<br />12,751
<br />80,064
<br />C
<br />1,315,627
<br />119,697
<br />9.1%
<br />0
<br />9.1%
<br />$8.38
<br />(2,961)
<br />46,329
<br />Totals:
<br />4,295,847
<br />644,380
<br />15.0%
<br />23,324
<br />15.5%
<br />$11.53
<br />18,995
<br />159,730
<br />TOTAL ALL MARKETS
<br />A
<br />34,532,004
<br />4,307,078
<br />12.5%
<br />505,868
<br />13.9%
<br />$15.44
<br />414,972
<br />166,193
<br />B
<br />37,943,421
<br />6,525,205
<br />17.2%
<br />614,672
<br />18.8%
<br />$12.63
<br />48,976
<br />92,750
<br />C
<br />10,898,802
<br />1,279,927
<br />11.7%
<br />0
<br />11.7%
<br />$10.35
<br />(3,346)
<br />42,031
<br />Totals:
<br />83,374,227
<br />12,112,210
<br />14.5%
<br />1,120,540
<br />15.9%
<br />$13.33
<br />460,602
<br />300,974
<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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