Minneapolis-St. Paul Chart of the Week | October 24, 2016

Minneapolis–St. Paul Office product to the northwest of Nicollet Mall continues to fare better than the southeast Chart of the week: October 24, 2016 Sources: JLL Research • Office product in the CBD area northwest of Nicollet Mall has historically performed better than the southeastern part of the CBD, and that trend has only become more pronounced. Even with T3 delivering fully vacant this quarter, total vacancy on the northwest side of Nicollet is 0.9 million square feet (m.s.f.) with an average building vacancy rate of 12.3%. Comparatively, to the southeast of Nicollet Mall, total office vacancy is 2.9 m.s.f. and the average building vacancy rate is 16.9%. 2013 2016 Q3 North Loop North Loop Warehous e District Warehous e District Loring Park Loring Park Core Core East Town East Town N icollet Mall N icollet Mall T3

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Transcript of Minneapolis-St. Paul Chart of the Week | October 24, 2016

Minneapolis–St. Paul

Office product to the northwest of Nicollet Mall continues to fare better than the southeast

Chart of the week: October 24, 2016

Sources: JLL Research

• Office product in the CBD area northwest of Nicollet Mall has historically performed better than the southeastern part of the CBD, and that trend has only become more pronounced. Even with T3 delivering fully vacant this quarter, total vacancy on the northwest side of Nicollet is 0.9 million square feet (m.s.f.) with an average building vacancy rate of 12.3%. Comparatively, to the southeast of Nicollet Mall, total office vacancy is 2.9 m.s.f. and the average building vacancy rate is 16.9%.

2013 2016 Q3

North Loop North Loop

Warehouse

Distric

tWarehouse

Distric

Loring Park Loring Park

Core Core

East Town East Town

Nico

llet M

all