01Industrial
- Vacancy
- 5.6%
- Sublease
- 52,000 SF
- Absorption
- +288,000 SF
- Under construction
- 310,000 SF
- Asking rate
- $10.40
- Year on year
- +4.6%
Quoted nnn.
- Home
- Submarkets
- Woodbury and I-94 East
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.
- Woodbury
- Oakdale
- Cottage Grove
- Lake Elmo
- Industrial vacancy
- 5.6%
- Asking rate
- $10.40
- Year on year
- +4.6%
- Access
- Interstate 94 east, Interstate 694, Highway 61
Reading the submarket
Everything east of Saint Paul along Interstate 94 has been residential growth territory for two decades, and the commercial inventory has followed rather than led. That lag is the opportunity: rooftops arrived before the service businesses, the last mile distribution and the neighbourhood retail that serve them.
The product is smaller and newer than in the western corridors. Flex buildings at 10,000 to 40,000 square feet, small bay industrial with grade level loading, and retail centres anchored by grocery. Very little bulk distribution, because the labour shed does not support two shift operations at scale.
For a service contractor, a medical practice or a distributor serving both the east metro and the Hudson and River Falls corridors in Wisconsin, this is the right side of the river to be on.
Current fundamentals
Seven metrics per property type. Sublease availability is listed separately because it competes with direct space on price and the headline vacancy figure hides it.
| Property type | Vacancy | Sublease available | Net absorption | Under construction | Asking rate | Structure | Year on year |
|---|---|---|---|---|---|---|---|
| Industrial | 5.6% | 52,000 SF | +288,000 SF | 310,000 SF | $10.40 | NNN | +4.6% |
| Retail | 4.4% | 9,000 SF | +68,000 SF | 94,000 SF | $29.60 | NNN | +3.8% |
| Office | 12.8% | 38,000 SF | +46,000 SF | 0 SF | $21.20 | Full service gross | +1.9% |
02Retail
- Vacancy
- 4.4%
- Sublease
- 9,000 SF
- Absorption
- +68,000 SF
- Under construction
- 94,000 SF
- Asking rate
- $29.60
- Year on year
- +3.8%
Quoted nnn.
03Office
- Vacancy
- 12.8%
- Sublease
- 38,000 SF
- Absorption
- +46,000 SF
- Under construction
- 0 SF
- Asking rate
- $21.20
- Year on year
- +1.9%
Quoted full service gross.
Sample Illustrative figures for a demonstration website. Real submarket research is published quarterly and is available on request.
Available in Woodbury and I-94 East
01Flex
Cottage Ridge Flex Center, Unit B
1755 Weir Drive, Woodbury
- Available
- Divisible
- Size
- 16,200 SF
- Base rate
- $11.75
- Gross
- $15.35
Forty percent office finish with a parking ratio of 4.8 per thousand, which is what makes this work for a service contractor with a large field crew.
Space detail
Who covers it
Aisha Whitfield
Director, Occupier advisory and site selection
Aisha runs site selection assignments for occupiers whose decision is about geography rather than about a particular building: where the workforce is, what the utility can actually deliver and when, and which municipality will move fastest through entitlement.
Nearby submarkets
01Office
02Office
03Office
Looking at Woodbury and I-94 East
We will send the current availability set, the comparable deals we know about and an honest view of what the submarket will actually agree to.