Q1 2019 Office Market Report | Minneapolis-St. Paul

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REPOSITIONED CLASS B OFFICE CONTINUES TO NET POSITIVE ABSORPTION

OFFICE REPORT HIGHLIGHTS

• The Twin Cites multi-tenant office market, in Q1 of 2019, experienced negative absorption (-180,000 SF) for the first time in six quarters.

• Exciting new deliveries in the Minneapolis CBD will likely activate leasing momentum into 2019.

• The St. Paul Suburban submarket led the market in leasing activity due to several large tenant expansions.

 
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Q1 2019 Office Market Report | Minneapolis-St. Paul

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