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Minneapolis–St. Paul
Minneapolis CBD skyline vacancy for 30th floor
and above drops to 8.0%
Chart of the week: March 21, 2016
Sources: JLL Research
• Among Minneapolis CBD Skyline buildings, vacancy above the 30th floor has dropped from 10.0 to 8.0
percent year-over-year, now totaling 210,678 square feet. For skyline buildings along Nicollet Mall, premium
vacancy has fallen even further to 5.8 percent.
• Vacancy for floors 30 and above ranges from zero (at four out of 13 buildings) to 18.1 percent at Capella
Tower. Capella also offers the largest vacant contiguous block of 39,373 square feet on floors 39 to 41.
• By July 2017, there will be 124,486 contiguous square feet available on IDS’ floors 40 to 44. This will raise
the building’s premium vacancy from today’s 8.9 to 29.3 percent, and the Skyline’s total premium vacancy to
11.7 percent.
Floor
Vacant square footage, Floors 30-55
Q1 2016
Currently Vacant
Future Available
Available
July 2017 8%

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Minneapolis-St. Paul Chart of the Week | March 28, 2016

  • 1. Minneapolis–St. Paul Minneapolis CBD skyline vacancy for 30th floor and above drops to 8.0% Chart of the week: March 21, 2016 Sources: JLL Research • Among Minneapolis CBD Skyline buildings, vacancy above the 30th floor has dropped from 10.0 to 8.0 percent year-over-year, now totaling 210,678 square feet. For skyline buildings along Nicollet Mall, premium vacancy has fallen even further to 5.8 percent. • Vacancy for floors 30 and above ranges from zero (at four out of 13 buildings) to 18.1 percent at Capella Tower. Capella also offers the largest vacant contiguous block of 39,373 square feet on floors 39 to 41. • By July 2017, there will be 124,486 contiguous square feet available on IDS’ floors 40 to 44. This will raise the building’s premium vacancy from today’s 8.9 to 29.3 percent, and the Skyline’s total premium vacancy to 11.7 percent. Floor Vacant square footage, Floors 30-55 Q1 2016 Currently Vacant Future Available Available July 2017 8%