MARKET INSIGHT POST
Q1-2023 Minneapolis-St. Paul Office Market Update

Q1-2023 Office Market Update
ECONOMIC OVERVIEW:
MARKET OVERVIEW:
MARKET HIGHLIGHTS:
MPLS-ST. PAUL AREA EMPLOYMENT STATS:

MARKET RECAP:
MARKET STATS BY BUILDING CLASS
(Multi and Single Tenant)

ABSORPTION & VACANCY RATE
(Multi and Single Tenant)

MARKET STATISTICS BY MARKET
(Direct Multi and Single Tenant)



VACANCY RATES BY MARKET
(Direct Multi and Single Tenant)



VACANCY RATES BY BUILDING CLASS
(Multi and Single Tenant)

LEASE RATES BY MARKET
(Direct Multi and Single Tenant FSG)



NEW DEVELOPMENTS

YEAR-TO-DATE DELIVERIES

MARKET MAP

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