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

Display:
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

Recent Rent Observations

Location ID Class Rent
Washington Cty 15240 BC $16
Washington Cty 71260 A $24
Midway 85670 BC $21
St. Paul CBD 79590 BC $22
Northeast 93250 BC $14
Dakota County 71540 BC $19
Dakota County 04170 A $19
Northeast 69910 A $22
Minneapolis CBD 86870 BC $13
Dakota County 92841 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 0 - 160,000
West/Northwest 0 - 160,000
West/Northwest 0 - 160,000
Dakota County 0 - 160,000
Dakota County 310,000 - 460,000
Minneapolis CBD 160,000 - 310,000
Washington Cty 0 - 160,000
SW/NE Scott Cty 0 - 160,000
SW/NE Scott Cty 0 - 160,000
Dakota County 0 - 160,000
View all Construction Projects

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%