Commercial Real Estate Report - Minneapolis, MN [Office]

Property Type

View market and submarket information on Office space in Minneapolis, Minnesota. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Minneapolis, Minnesota.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Minneapolis, MN - Entire Metro
Submarkets
St. Paul CBD -110 bps
Dakota County -50 bps
Minneapolis CBD -50 bps
West/Northwest -40 bps
Midway 20 bps
Northeast 40 bps
Anoka Cty 50 bps
SW/NE Scott Cty 110 bps
Washington Cty 210 bps
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 7.6% 6.1% 7.6% --
Median 8.2% 4.3% 6.4% --
12 Month Rolling 6.8% 7.5% 7.6% 8.7%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Location ID Class Rent
Washington Cty 79790 A $30
Midway 48631 BC $17
St. Paul CBD 15620 BC $31
Dakota County 02690 BC $9
Dakota County 79040 BC $19
Northeast 64770 BC $13
Northeast 23170 BC $14
SW/NE Scott Cty 89820 A $23
Minneapolis CBD 42950 A $24
Minneapolis CBD 69720 BC $19

Change From Previous Quarter

Market Rent Vac Inv
Minneapolis 0.1% 0 bps 0.0%
Midwest Region 0.0% 0 bps 0.0%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.1% 0 bps 0.0%
Metro vs. US 0.1% 0 bps 0.0%

Latest New Construction Updates

Location Size
West/Northwest 90,000 - 170,000
Anoka Cty 0 - 90,000
West/Northwest 0 - 90,000
SW/NE Scott Cty 0 - 90,000
West/Northwest 0 - 90,000
Minneapolis CBD 250,000 - 330,000
SW/NE Scott Cty 250,000 - 330,000
Washington Cty 0 - 90,000
Dakota County 90,000 - 170,000
Dakota County 0 - 90,000
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National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
106. Atlantic-Cape May, NJ 17.5%
107. Charlotte, NC 17.5%
108. New Haven, CT 17.5%
109. Salt Lake City, UT 17.5%
110. Orange County, CA 17.7%
111. Minneapolis, MN 17.8%
112. College Station-Bryan, TX 17.9%
113. Columbus, OH 18.0%
114. Denver, CO 18.0%
115. Worcester, MA 18.0%
116. Springfield, MO 18.1%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Minneapolis 1.4% 1,762 bps 0.7%
Midwest Region 0.8% 1,927 bps 0.5%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region 0.6% -165 bps 0.1%
Metro vs. US 0.8% 58 bps -0.3%