South Central

Minneapolis - MN USA - Industrial Submarket

Industrial real estate intelligence for the South Central submarket. 63.9M SF of inventory with 4.5% vacancy. Data sourced from various MLS platforms.

63.9MSF

Inventory

6.0MSF

Available

4.5%

Vacancy

8.6%

Availability Rate

$9.50

Asking Rent

3.3%

Rent Growth

-197,531SF

12mo Absorption

5.4MSF

Under Construction

Market Metrics

12mo Delivered

829K SF

Under Constr % of Inv

8.4%%

Sale Price/SF

$111

Cap Rate

8.6%%

12mo Sales Volume

$436,227,479

Sales Vol Growth

-18.4%

Asset Value

$7,669,962,496

Net Absorption

-197,531 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Peraton	$46.3M	195,965	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
3199 Pilot Knob Rd	$10.0M	248,482	Swervo Development Corporation
Fort Worth Data Center/DFW1	-	133,298	CSquare
4202 Fidelity St	-	425,720	Industrial Realty Group, LLC

Available DC Space in Market

Property	Avail SF	Rent	Owner
CityPlex Towers 20, 30, & 60	350,444	$14.00 - 19.00	Oral Roberts University
Omnis Data Center	15,070	$21.00	Omnis Network, LLC
Agave Business Center	4,053	$16.50	Camco Investment Group
928 Huston St	17,985	$18.60	Action Investment Group, Inc.
938 Huston St	16,970	$18.60	Action Investment Group, Inc.

Data Centre Development Potential

Moderate vacancy (4.5%) in South Central suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 5.4M SF indicates developer confidence in the submarket. Negative absorption of 198K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.