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Q2 / July 2010 Market Update

Below is a snap shot of the Q2 results for the office and industrial markets for the twin city metro area.  There were five research reports from various companies we considered as we thought through the best source for market information.  Our analysis suggested that Cassidy Turley had the most comprehensive and well presented information. This said - all research reports are throughly understood which can only benifit our clients.

Don't hesitate to let us know how we can improve the presentation of this information.  

 

Office Market Statistics
SectorNet Absorbtion Vacancy Rate
 
Q1/10 Q2/10 Change
Anoka County 2,335 19.0% 18.7%
-0.3%
Dakota County (43,341) 21.3%  22.6% 1.3%
Minneapolis CBD (14,892) 19.8%  19.9% -0.4%
Minneapolis Non-CBD 8,451 11.0%  10.6% -0.60%
Northeast
 15,969 20.8%  20.2% -0.6%
Northwest 54,874 29.8%  26.0% -3.8%
St. Paul CBD (6,826) 23.1%  23.2% 0.1%
St. Paul Non-CBD (18,173) 16.5%  17.4% 0.9%
Southwest
84,686 22.8%  22.2% -0.6%
Washington County (4,671) 29.1%  29.7% 0.6%
West
(40,170) 16.7%  17.5% 0.8%
Total 32,232 20.4% 20.4%
0.0%

 

Industrial Market Statistics
SectorNet Absorbtion
Vacancy Rate
 
Q1/10 Q2/10 Change
Dakota County (205,919) 13.7% 15.2% 1.5%
Minneapolis (26,987) 9.2% 9.4% -0.2%
Northwest (72,043) 13.9% 14.2% 0.3%
Scott County 32,843 16.0% 15.1% -0.9%
Southwest 20,334 15.2% 15.2% 0.0%
Saint Paul/Northeast 
(82,574) 10.7% 11.0% 0.3%
Washington County 35,562 11.4% 10.3% -1.1%
Twin Cities Metro (298,784) 12.8% 13.1% -0.3%

 

Read the complete market reports from Cassidy Turley.

First Quarter 2010

Second Quarter 2010

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