MN - Minneapolis / St. Paul Metro Area
MN - St. Cloud / Central
DEMOGRAPHICS
MARKET HIGHLIGHTS
DEMOGRAPHICS
MARKET HIGHLIGHTS
Minneapolis-St. Paul-Bloomington,
MN-WI
•;Chart industries leases 141,000
SF for 100+ manufacturing jobs
in Owatonna.
St. Cloud,
MN
•;Construction is underway for
a Wal-Mart Super Center to be
completed Fall 2012.
•;Unemployment drops to 5.4%.
1,753
6,063
•;Target is adding 300,000 SF to
their Brooklyn Park campus.
•;Area has improved fundaments
and a decline in the local
unemployment rate to 5.8%.
189,957
3,286,547
•;Apartment market staged to
add 1,100 units in 2012.
•;Recent Civic Center expansion
completed in Winter 2011.
•;Private sector added 22,000
jobs.
73,818
•;Existing home inventory in local
area is at a 5 year low.
1,267,913
$66,444
$89,359
•;356,000 SF in 3 net leased
buildings were acquired by
Duke.
•;Market is heating up for quality
investment offerings, also REO
and distressed properties, and
strategic buyers account for
majority of transactions.
•;Shakopee lands 3 Industrial
expansions for over 1 million SF.
91,676
1,695,892
5.4%
•;Strong investor interest in 24-
32’ high Industrial and Multi
Family.
5.8%
•;Central MN market consists
of 300,000+/- MSA. Major
local employment sectors
include Education, Medical and
Manufacturing.
•;Retail space is benefiting from
medical user demand.
Coldwell Banker Commercial
Griffin Companies
1221 Nicollet Ave. S., Suite 300
Minneapolis, MN 55403
(612) 338-2828
www.cbcgriffin.com
CON TACT
Coldwell Banker Commercial
Orion Real Estate
630 1st St. S.
Waite Park, MN 56387
(320) 251-1177
www.cbcorion.com
CONTACT
OFFICE
RETAIL
OFFICE
RETAIL
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INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
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31 Rental Rates
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