Northwest
Minneapolis - MN USA - Industrial Submarket
Industrial real estate intelligence for the Northwest submarket. 81.8M SF of inventory with 3.5% vacancy. Data sourced from various MLS platforms.
81.8MSF
Inventory
6.3MSF
Available
3.5%
Vacancy
7.7%
Availability Rate
$9.05
Asking Rent
2.7%
Rent Growth
850KSF
12mo Absorption
689KSF
Under Construction
Market Metrics
12mo Delivered
609K SF
Under Constr % of Inv
0.8%%
Sale Price/SF
$124
Cap Rate
8.3%%
12mo Sales Volume
$443,112,179
Sales Vol Growth
-27.4%
Asset Value
$10,192,888,663
Net Absorption
+850K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 1001 S 3rd Ave | $235.9M | 465,923 | Buyer 1 Cloud Capital | Buyer 2 Arcapita |
| 3199 Pilot Knob Rd | $10.0M | 248,482 | Swervo Development Corporation |
| 8425 N 114th St | $2.6M | 232,663 | |
| Houston One | - | 118,248 | Safanad |
| Multi-Property Sale | - | 232,663 |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| The Falchi Building | 272,217 | $23.00 | Savanna Real Estate Fund |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
| 500 Commack Rd | 36,552 | $14.75 - 18.03 (Est.) | Steel Equities |
| 9225 N 108th St | 272,076 | $7.95 | Rainwood Park Llc |
| Gateway North 208 | 645,775 | Not Disclosed | Greek Real Estate Partners |
Data Centre Development Potential
Moderate vacancy (3.5%) in Northwest suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 689K SF indicates developer confidence in the submarket. Positive net absorption of 850K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Minneapolis - MN USA
Evaluating Northwest for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.