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Submarkets

Seven submarkets, tracked quarterly

Each one behaves differently. A building that is correctly priced in Lowertown would sit empty for a year in the West End, and the reverse is just as true.

Aerial view of the Twin Cities metropolitan area

Submarkets: 7
Property types: 3
Metrics per type: 7
Reporting: Quarterly

Where we operate

01Office focus

Minneapolis CBD

The deepest office inventory in the state and, at the moment, the widest gap between what a tower asks and what a tenant pays.

Office vacancy: 23.8%
Asking rate: $18.90
Rate change: -1.8%

Minneapolis / North Loop / Downtown East

Lead advisor: Dana Okonkwo

Submarket detail

02Office focus

St. Paul CBD and Lowertown

Gross occupancy cost runs roughly five to nine dollars under comparable Minneapolis CBD space, and the floor plates are more forgiving.

Office vacancy: 19.6%
Asking rate: $16.20
Rate change: -0.9%

St. Paul / Lowertown / West Seventh

Lead advisor: Tomas Lindgren

Submarket detail

03Office focus

West End and Golden Valley

The strongest suburban office submarket in the metro, and the one place outside the core with real medical office depth.

Office vacancy: 13.4%
Asking rate: $27.40
Rate change: +2.6%

St. Louis Park / Golden Valley / Hopkins

Lead advisor: Priya Raghunathan

Submarket detail

04Industrial focus

Eagan and Airport South

The metro's deepest bulk distribution inventory, and the tightest vacancy of any industrial submarket we track.

Industrial vacancy: 3.4%
Asking rate: $7.65
Rate change: +7.8%

Eagan / Mendota Heights / Burnsville

Lead advisor: Marcus Brenner

Submarket detail

05Industrial focus

Plymouth and Maple Grove

Where the metro's light manufacturing actually sits: heavier power, more office finish and shorter clear heights than the distribution corridors.

Industrial vacancy: 4.8%
Asking rate: $8.85
Rate change: +5.4%

Plymouth / Maple Grove / Brooklyn Park / Rogers

Lead advisor: Marcus Brenner

Submarket detail

06Industrial focus

Woodbury and I-94 East

The metro's fastest growing residential edge, which makes it the natural last mile and service trade position on the east side.

Industrial vacancy: 5.6%
Asking rate: $10.40
Rate change: +4.6%

Woodbury / Oakdale / Cottage Grove / Lake Elmo

Lead advisor: Aisha Whitfield

Submarket detail

07Retail focus

Southwest metro

Corporate campuses, the strongest retail sales per square foot in the metro, and almost no land left.

Retail vacancy: 3.6%
Asking rate: $34.80
Rate change: +4.2%

Edina / Eden Prairie / Minnetonka / Bloomington West

Lead advisor: Priya Raghunathan

Submarket detail

Sample Every figure on this page is an illustrative sample for a demonstration website, not published market research.

Submarkets we track quarterly

Not sure which submarket fits

Send us the headcount, the drive times that matter and the budget. We will come back with two or three submarkets and the reasons, not seven and a shrug.

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