Southwest
Minneapolis - MN USA - Industrial Submarket
Industrial real estate intelligence for the Southwest submarket. 83.9M SF of inventory with 6% vacancy. Data sourced from various MLS platforms.
83.9MSF
Inventory
8.4MSF
Available
6%
Vacancy
10%
Availability Rate
$9.72
Asking Rent
3.2%
Rent Growth
-163,786SF
12mo Absorption
118KSF
Under Construction
Market Metrics
12mo Delivered
904K SF
Under Constr % of Inv
0.1%%
Sale Price/SF
$106
Cap Rate
8.9%%
12mo Sales Volume
$207,070,302
Sales Vol Growth
-60.9%
Asset Value
$8,928,194,628
Net Absorption
-163,786 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 |
| Fort Worth Data Center/DFW1 | - | 133,298 | CSquare |
| xAI - Colossus 2 Datacenter | $72.9M | 1,007,838 | X Holding Corp. |
| 1500 Towerview Rd | $6.3M | 328,765 | Dakota County Community Development Agency |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Omnis Data Center | 15,070 | $21.00 | Omnis Network, LLC |
| Agave Business Center | 4,053 | $16.50 | Camco Investment Group |
| 2720 S Hardy Dr | 10,067 | $15.60 | Equus Capital Partners, Ltd. |
Data Centre Development Potential
Moderate vacancy (6%) in Southwest suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 118K SF indicates developer confidence in the submarket. Negative absorption of 164K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Minneapolis - MN USA
Evaluating Southwest for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.