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CBRE
Figures
  | 
Minneapolis Retail | Q2 2025
Strong leasing activity and increase in sales volume for Minneapolis retail in Q2
CBRE RESEARCH
 | 
Q2 2025
3.6%
Availability Rate
-235K
SF Net Absorption (000s)
0K
SF Completed (ooos)
$17.31
Avg. Asking Rent (NNN)
Arrows indicate change from previous quarter.
‒ The Minneapolis retail market closed Q2 2025 with an availability rate of 3.6%.This represented a 0.1% increase from Q1 2025.

‒ The total retail sq. ft. absorbed in Q2 2025 was (235)k sq. ft. compared to -277k sq. ft. in Q1 2025.

‒ No properties delivered in Q2 2025, compared to 40k sq. ft. in Q1 2025.

‒ The total retail investment sales in Q2 2025 amounted to $137M in total volume, an increase of 2.7% year-over-year and up 26% from the previous quarter.

‒ Leasing volume in Q2 saw an increase with over 515,000 sq. ft. transacted, up nearly 65% from the previous quarter. Year to date, the market has leased 879k sq. ft. an increase of 142% over the three-year H1 average.
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