MARKET INSIGHT POST
Q3-2023 Minneapolis-St. Paul Office Market Update
![St. Paul, Minnesota Skyline Q4-2022 Minneapolis-St Paul Office Market Report](https://forterep.com/wp-content/uploads/2023/11/St-Paul-MN-AdobeStock_164088783-scaled.jpeg)
Q3-2023 Office Market Update
ECONOMIC OVERVIEW:
MARKET OVERVIEW:
MARKET HIGHLIGHTS:
MPLS-ST. PAUL AREA EMPLOYMENT STATS:
![Employment Stats Graph-Office Q1 2023 Mpls-St Paul Office Employment Stats](https://forterep.com/wp-content/uploads/2023/11/Employment-Stats-Graph-Office.png)
MARKET RECAP:
MARKET STATS BY BUILDING CLASS (Multi and Single Tenant)
![Market Stats by Building Class-Multi and Single Tenant (Chart) Q1 2023 Mpls-St Paul Office Market Stats by Building Class](https://forterep.com/wp-content/uploads/2023/11/Market-Stats-by-Building-Class-Multi-and-Single-Tenant-Chart.png)
ABSORPTION & VACANCY RATE (Multi and Single Tenant)
![Absorption & Vacancy Rate-Multi and Single Tenant (Graph) Q1 2023 Mpls-St Paul Office Absorption & Vacancy Rate](https://forterep.com/wp-content/uploads/2023/11/Absorption-Vacancy-Rate-Multi-and-Single-Tenant-Graph.png)
MARKET STATISTICS BY MARKET (Direct Multi and Single Tenant)
![Market Stats by Market-Direct Multi and Single Tenant Q1 2023 Mpls-St Paul Office Market Stats by Market](https://forterep.com/wp-content/uploads/2023/11/Market-Stats-by-Market-Direct-Multi-and-Single-Tenant-1.png)
![Market Stats by Market-Direct Multi and Single Tenant (Part 2) Q1 2023 Mpls-St Paul Office Market Stats by Market Cont.](https://forterep.com/wp-content/uploads/2023/11/Market-Stats-by-Market-Direct-Multi-and-Single-Tenant-Part-2.png)
![Available and Vacancy Rates By Market (Graph) Q1 2023 Mpls-St Paul Office Market Stats by Market - Graph](https://forterep.com/wp-content/uploads/2023/11/Available-and-Vacancy-Rates-By-Market-Graph.png)
VACANCY RATES BY MARKET (Direct Multi and Single Tenant)
![Vacancy Rates by Market-Direct Multi and Single Tenant Q1 2023 Mpls-St Paul Office Vacancy Rates by Market](https://forterep.com/wp-content/uploads/2023/11/Vacancy-Rates-by-Market-Direct-Multi-and-Single-Tenant.png)
![Vacancy Rates by Market-Direct Multi and Single Tenant (Part 2) Q1 2023 Mpls-St Paul Office Vacancy Rates by Market Cont.](https://forterep.com/wp-content/uploads/2023/11/Vacancy-Rates-by-Market-Direct-Multi-and-Single-Tenant-Part-2.png)
![Vacancy Rate by Market (Graph) Q1 2023 Mpls-St Paul Office Vacancy Rates by Market Graph](https://forterep.com/wp-content/uploads/2023/11/Vacancy-Rate-by-Market-Graph.png)
VACANCY RATES BY BUILDING CLASS (Multi and Single Tenant)
![Vacancy Rate by Building Class-Multi and Single Tenant (Graph) Q1 2023 Mpls-St Paul Office Vacancy Rates by Building Class Graphs](https://forterep.com/wp-content/uploads/2023/11/Vacancy-Rate-by-Building-Class-Multi-and-Single-Tenant-Graph.png)
LEASE RATES BY MARKET (Direct Multi and Single Tenant FSG)
![Lease Rate By Market-Direct Multi and Single Tenant FSG Q1 2023 Mpls-St Paul Office Lease Rates by Market](https://forterep.com/wp-content/uploads/2023/11/Lease-Rate-By-Market-Direct-Multi-and-Single-Tenant-FSG.png)
![Lease Rate By Market-Direct Multi and Single Tenant FSG (Part 2) Q1 2023 Mpls-St Paul Office Lease Rates by Market Cont.](https://forterep.com/wp-content/uploads/2023/11/Lease-Rate-By-Market-Direct-Multi-and-Single-Tenant-FSG-Part-2.png)
![Lease Rate By Market (Graph) Q1 2023 Mpls-St Paul Office Lease Rates by Market Graph](https://forterep.com/wp-content/uploads/2023/11/Lease-Rate-By-Market-Graph.png)
NEW DEVELOPMENTS
![New Development Under Construction (Graph) Q1 2023 Mpls-St Paul Office Lease Rates by Market Graph](https://forterep.com/wp-content/uploads/2023/11/New-Development-Under-Construction-Graph-1.png)
YEAR-TO-DATE DELIVERIES
![YTD Delivered (Graph) Q1 2023 Mpls-St Paul Office Year-to-Date Delivered](https://forterep.com/wp-content/uploads/2023/11/YTD-Delivered-Graph.png)
MARKET MAP
![Market Map Office Market Map](https://forterep.com/wp-content/uploads/2023/11/Market-Map.png)
Market Insight
Office Advisory Experts
![Jim Jetland, SIOR](https://forterep.com/wp-content/uploads/2021/07/Website-Jim-Jetland-forte_by_lucas_botz_photography_LB6_9903-square-crop_72dpi.jpg)
![Nancy Powell](https://forterep.com/wp-content/uploads/2021/07/Nancy-Lunneborg-forte_by_lucas_botz_photography_LB6_0112_72dpi.jpg)
![Katie Trevena](https://forterep.com/wp-content/uploads/2021/07/Katie-Trevena-forte_by_lucas_botz_photography_LB6_9867_72dpi.jpg)
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