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| Learn how NAIOP Minnesota members contribute to communities with its Catalyst Community Partners community enhancement initiative. Catalyst revitalizes urban corridors through real estate and business development. |
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| NAIOP Minnesota's annual Industrial and Office Market reports provide a current and comprehensive picture of conditions within the industrial and office commercial real estate markets. Each year, NAIOP Minnesota presents its Industrial Report in June and its Office Report in November. |
2010 Industrial Market Report (released June 2010)
The complete 2010 Industrial Market Report, including details on each sub-market are available for $30, which includes the PowerPoint from the report presentation. The reporting period is May 1, 2009 - May 1, 2010 and covers the sub-markets of NE, E, SE, SW and NW. The report does not include individual building details. Contact NAIOP Minnesota at (952) 928-4647 or info@naiopmn.org.
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June 2010
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June 2008
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| Universe (total market) |
113,367,000 sf
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113,754,000 sf
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| Vacancy - Percent (total market) |
13.1%
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12.5%
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| Vacancy - Sq. Ft. (total market) |
14,864,000 sf
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14,234,000 sf
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| Absorption (total market) |
(704,500) sf
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(1,733,000) sf
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| Bulk Warehouse - Vacancy |
14.4%
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14.5%
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| Office Showroom - Vacancy |
13.6%
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12.5%
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| Office Warehouse - Vacancy |
12.1%
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11.3%
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| Northeast Sub-Market |
10.7%
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11.8%
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| East Sub-Market |
11.6%
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11.8%
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| Southeast Sub-Market |
18.8%
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18.5%
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| Southwest Sub-Market |
14.1%
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11.4%
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| Northwest Sub-Market |
11.9%
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10.7%
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2009 Office Market Report (released November 2009)
The complete 2009 Office Market Report, including details on each sub-market are available for $30 each, which includes the PowerPoint from the report presentation. The report does not include individual building details. Contact NAIOP Minnesota at (952) 928-4647 or info@naiopmn.org.
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November 2009
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November 2008
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| Universe (total market) |
77,024,995 sf
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73,704,601 sf
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| Vacancy - Percent (total market) |
18.5%
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14.9%
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| Vacancy - Sq. Ft. (total market) |
14,278,925 sf
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10,947,494 sf
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| Net Absorption (total market) |
(1,606,254) sf
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436,523 sf
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| Total Buildings in Report |
659
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640
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| Class A - Total Buildings in Report |
169
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156
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| Class A - Vacancy |
16.6%
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12.1%
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| Class B - Total Buildings in Report |
310
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303
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| Class B - Vacancy |
20.4%
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17.0%
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| Class C - Total Buildings in Report |
180
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181
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| Class C - Vacancy |
19.1%
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16.7%
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