|
MARKET REPORT I AUGUST 2015 1 INDUSTRIAL MINNEAPOLIS -ST. PAUL
<br />Market Statistics
<br />AIRPORT/SOUTH OF THE RIVER
<br />Bulk Warehouse 5,365,858 225,079 4.2% 8,143 4.3% $4.13-$8.68 (6,819) (5,344)
<br />Office Showroom 3,450,779 504,689 14.6% 33,554 15.6% $4.84-$9.20 76,159 67,148
<br />Office Warehouse 9,229,313 815,503 8.8% 15,783 9.0% $4.62-$9.11 6,133 62,900
<br />Totals: 18,045,950 1,545,271 8.6% 57,480 8.9% $4.64-$9.10 75,473 124,704
<br />MINNEAPOLIS NORTH
<br />Bulk Warehouse 39,826,225 4,182,152
<br />Bulk Warehouse
<br />5,260,008
<br />462,952
<br />8.8%
<br />10,000
<br />9.0%
<br />$4.25-$8.88
<br />2,645
<br />45,946
<br />Office Showroom
<br />4,345,746
<br />354,681
<br />8.2%
<br />31,947
<br />8.9%
<br />$4.91-$9.54
<br />98,612
<br />65,229
<br />Office Warehouse
<br />17,342,137
<br />1,088,972
<br />6.3%
<br />14,425
<br />6.4%
<br />$4.69-$8.87
<br />192
<br />104,525
<br />Totals:
<br />26,947,891
<br />1,906,605
<br />7.1%
<br />56,372
<br />7.3%
<br />$4.72-$9.05
<br />101,449
<br />215,700
<br />SOUTHWEST
<br />Not included are single -tenant or owner -occupied buildings.
<br />Bulk Warehouse
<br />6,184,424
<br />882,909
<br />14.3%
<br />25,101
<br />14.7%
<br />$4.55-$9.15
<br />105,644
<br />198,132
<br />Office Showroom
<br />7,158,237
<br />791,852
<br />11.1%
<br />82,341
<br />12.2%
<br />$4.95-$9.66
<br />107,454
<br />149,915
<br />Office Warehouse
<br />14,844,837
<br />1,142,615
<br />7.7%
<br />225,344
<br />9.2%
<br />$4.61-$9.04
<br />(1,901)
<br />58,218
<br />Totals:
<br />28,187,498
<br />2,817,376
<br />10.0%
<br />332,786
<br />11.2%
<br />$4.74-$9.32
<br />211,197
<br />406,265
<br />ST. PAUL EAST
<br />Bulk Warehouse
<br />9,041,404
<br />719,766
<br />8.0%
<br />30,643
<br />8.3%
<br />$4.19-$8.75
<br />(189,158)
<br />(130,803)
<br />Office Showroom
<br />2,480,045
<br />194,510
<br />7.8%
<br />6,420
<br />8.1%
<br />$4.64-$10.02
<br />76,411
<br />135,379
<br />Office Warehouse
<br />12,294,580
<br />747,304
<br />6.1%
<br />60,514
<br />6.6%
<br />$5.02-$9.29
<br />92,873
<br />161,821
<br />Totals:
<br />23,816,029
<br />1,661,580
<br />7.0%
<br />97,577
<br />7.4%
<br />$4.80-$9.36
<br />(19,874)
<br />166,397
<br />WEST/NORTHWEST
<br />Bulk Warehouse
<br />13,974,531
<br />1,891,446
<br />13.5%
<br />50,583
<br />13.9%
<br />$4.50-$8.74
<br />(54,728)
<br />(7,491)
<br />Office Showroom
<br />5,654,591
<br />557,112
<br />9.9%
<br />8,966
<br />10.0%
<br />$4.93-$9.54
<br />6,469
<br />(26,061)
<br />Office Warehouse
<br />21,777,400
<br />1,246,799
<br />5.7%
<br />83,217
<br />6.1%
<br />$4.67-$8.60
<br />306,638
<br />359,298
<br />Totals:
<br />41,406,522
<br />3,695,357
<br />8.9%
<br />142,766
<br />9.3%
<br />$4.70-$8.84
<br />258,379
<br />325,746
<br />TOTAL ALL MARKETS
<br />Bulk Warehouse 39,826,225 4,182,152
<br />10.5%
<br />124,470
<br />10.8%
<br />$4.40-$8.79
<br />(142,416)
<br />100,440
<br />Office Showroom 23,089,398 2,402,844
<br />10.4%
<br />163,228
<br />11.1%
<br />$4.90-$9.57
<br />365,105
<br />391,610
<br />Office Warehouse 75,488,267 5,041,193
<br />6.7%
<br />399,283
<br />7.2%
<br />$4.70-$8.92
<br />403,935
<br />746,762
<br />Totals: 138,403,890 11,626,189
<br />8.4%
<br />686,981
<br />8.9%
<br />$4.72-$9.10
<br />626,624
<br />1,238,812
<br />The above table is summarized data on multi -tenant industrial
<br />buildings greater than 20,000
<br />square feet.
<br />Not included are single -tenant or owner -occupied buildings.
<br />COLLIERS INTERNATIONAL I MINNEAPOLIS -ST. PAUL
<br />
|