North Central

Minneapolis - MN USA - Industrial Submarket

Industrial real estate intelligence for the North Central submarket. 70.3M SF of inventory with 3.7% vacancy. Data sourced from various MLS platforms.

70.3MSF

Inventory

3.9MSF

Available

3.7%

Vacancy

5.6%

Availability Rate

$9.19

Asking Rent

3.0%

Rent Growth

-111,388SF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

811K SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$104

Cap Rate

8.9%%

12mo Sales Volume

$228,097,154

Sales Vol Growth

-30.2%

Asset Value

$7,336,836,996

Net Absorption

-111,388 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
1001 S 3rd Ave	$235.9M	465,923	Buyer 1 Cloud Capital \| Buyer 2 Arcapita
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
3199 Pilot Knob Rd	$10.0M	248,482	Swervo Development Corporation

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

Moderate vacancy (3.7%) in North Central suggests a balanced market with selective opportunities for data centre conversion or development. Negative absorption of 111K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.