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MARKET REPORT 1 02 2015 1 OFFICE I MINNEAPOLIS -ST. PAUL
<br />Market Statistics (EXPANDED MARKET)
<br />AIRPORT/SOUTH OF THE RIVER
<br />A 2,368,092
<br />175,161
<br />7.4%
<br />4,639
<br />7.6%
<br />$13.86
<br />27,770
<br />43,425
<br />B 6,462,160
<br />1,042,546
<br />16.1%
<br />61,196
<br />17.1%
<br />$11.93
<br />(59,709)
<br />(92,571)
<br />C 2,937,440
<br />510,493
<br />17.4%
<br />0
<br />17.4%
<br />$10.08
<br />7,004
<br />44,051
<br />Totals: 11,767,692
<br />1,728,200
<br />14.7%
<br />65,835
<br />15.2%
<br />$12.03
<br />(24,935)
<br />(5,095)
<br />MINNEAPOLIS CBD
<br />A
<br />13,805,787
<br />1,693,901
<br />12.3%
<br />220,045
<br />13.9%
<br />$17.02
<br />153,726
<br />(114,595)
<br />B
<br />14,451,096
<br />1,615,219
<br />11.2%
<br />208,942
<br />12.6%
<br />$14.62
<br />113,644
<br />209,824
<br />C
<br />5,622,125
<br />513,698
<br />9.1%
<br />0
<br />9.1%
<br />$11.80
<br />31,667
<br />36,472
<br />Totals:
<br />33,879,008
<br />3,822,818
<br />11.3%
<br />428,987
<br />12.5%
<br />$14.46
<br />299,037
<br />131,701
<br />SOUTHWEST
<br />A 44,357,137
<br />5,240,446
<br />11.8%
<br />556,368
<br />13.1%
<br />A
<br />12,821,141
<br />1,470,790
<br />11.5%
<br />172,047
<br />12.8%
<br />$15.19
<br />98,265
<br />109,475
<br />B
<br />8,382,674
<br />1,375,916
<br />16.4%
<br />194,316
<br />18.7%
<br />$12.97
<br />22,342
<br />(15,891)
<br />C
<br />3,030,409
<br />217,251
<br />7.2%
<br />0
<br />7.2%
<br />$11.50
<br />26,868
<br />107,878
<br />Totals:
<br />24,234,224
<br />3,063,957
<br />12.6%
<br />366,363
<br />14.2%
<br />$13.85
<br />147,475
<br />201,462
<br />ST PAUL CBD
<br />A
<br />2,773,960
<br />309,896
<br />11.2%
<br />28,725
<br />12.2%
<br />$14.56
<br />41,123
<br />14,114
<br />B
<br />5,717,264
<br />1,054,587
<br />18.4%
<br />22,193
<br />18.8%
<br />$10.86
<br />592
<br />(63,062)
<br />C
<br />3,002,535
<br />83,105
<br />2.8%
<br />0
<br />2.8%
<br />$7.00
<br />(21,711)
<br />(4,653)
<br />Totals:
<br />11,493,759
<br />1,447,588
<br />12.6%
<br />50,918
<br />13.0%
<br />$11.58
<br />20,004
<br />(53,601)
<br />ST. PAUL SUBURBAN
<br />A
<br />4,206,783
<br />1,008,697
<br />24.0%
<br />65,288
<br />25.5%
<br />$14.25
<br />3,570
<br />48,647
<br />B
<br />10,852,173
<br />1,123,511
<br />10.4%
<br />84,360
<br />11.1%
<br />$11.39
<br />57,916
<br />58,499
<br />C
<br />7,354,563
<br />311,896
<br />4.2%
<br />0
<br />4.2%
<br />$8.05
<br />(5,376)
<br />(23,564)
<br />Totals:
<br />22,413,519
<br />2,444,104
<br />10.9%
<br />149,648
<br />11.6%
<br />$12.36
<br />56,110
<br />83,582
<br />WEST/NORTHWEST
<br />A 8,381,374
<br />582,001
<br />6.9%
<br />65,624
<br />7.7%
<br />$15.98
<br />45,314
<br />152,284
<br />B 9,443,529
<br />1,388,264
<br />14.7%
<br />51,803
<br />15.2%
<br />$12.49
<br />(110,784)
<br />(91,024)
<br />C 5,154,332
<br />205,125
<br />4.0%
<br />0
<br />4.0%
<br />$9.70
<br />(30,953)
<br />(22,397)
<br />Totals: 22,979,235
<br />2,175,390
<br />9.5%
<br />117,427
<br />10.0%
<br />$13.39
<br />(96,423)
<br />38,863
<br />TOTAL ALL MARKETS
<br />A 44,357,137
<br />5,240,446
<br />11.8%
<br />556,368
<br />13.1%
<br />$15.14
<br />369,768
<br />253,350
<br />B 55,308,896
<br />7,600,043
<br />13.7%
<br />622,810
<br />14.9%
<br />$12.48
<br />24,001
<br />5,775
<br />C 27,101,404
<br />1,841,568
<br />6.8%
<br />-
<br />6.8%
<br />$10.31
<br />7,499
<br />137,787
<br />Totals: 126,767,437
<br />14,682,057
<br />11.6%
<br />1,179,178
<br />12.5%
<br />$13.16
<br />401,268
<br />396,912
<br />The above table is summarized data on multi- and single -tenant office buildings greater than 10,000 square
<br />feet. Owner -occupied properties are also included. Not included are government or medical buildings.
<br />COLLIERS INTERNATIONAL I MINNEAPOLIS -ST. PAUL
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