- ST. PAUL MARKET OVERVIEW

cushmanwakefield.com AREA OVERVIEW AREA OVERVIEW

The “Twin Cities” of Minneapolis and St. Paul MARKET HIGHLIGHTS THE LAY OF THE LAND comprise a growing and vibrant metropolis with a diverse economic base, skilled labor pool and ANCHORS THE NINTH abundance of cultural and recreational opportunities More FORTUNE 500 FEDERAL RESERVE NINTH FEDERAL that make it one of the most important commercial companies per capita RESERVE DISTRICT Minneapolis is the head of the Ninth centers in the United States. than any other US U.S. Federal Reserve District and metro region serves as this district’s commercial center. Comprised of , Twin Cities is the dominant financial, manufacturing, — Fortune 2018 Montana, North Dakota, South distribution and transportation center between Dakota, western Wisconsin, and the Chicago and Seattle, which also makes it a Upper Peninsula of Michigan, this singular magnet for regional talent unlike coastal region is an important global oil/ metropolises in close proximities. Strong work ethic energy player. & entrepreneurial spirit provide a 3.0% “No other place mixes affordability, opportunity, unemployment rate and wealth so well.” #3 BEST STATE — Best States in America, — The Atlantic, The Miracle of Minneapolis 2015 Trend setting neighborhoods making U.S. News 2019 the global map — MINING, LOGGING, CONSTRUCTION North Loop ranked as A DIVERSE & RESILIENT ECONOMY GOVERNMENT MANUFACTURING a TOP 25 destination 4% The Twin Cities represents a broad range of OTHER SERVICES 13% in the U.S. (PRIVATE) 10% industries. The employment base does not rely — Cool Streets, a Cushman & on any single industry, drawing its strength from a 4% Wakefield Report LEISURE & TWIN CITIES remarkably diverse business base and an economy HOSPITALITY EMPLOYMENT TRADE, 9% 18% TRANSPORTATION, THE TWIN CITIES that is “knowledge-based, globalized, entrepreneurial, BREAKDOWN UTILITIES

IT-driven and innovation-based,” according to Forbes. Total Non-farm The Twin Cities is located on the Such diversity enables this market to better weather Employment Minneapolis-St. Paul Mississippi River, encompassing MN DEED2019 6,046 square miles and recessions and economic downturns. 16% 2% is the birthplace of INFORMATION 13 counties. EDUCATION 8% & HEALTH gamechangers like No single industry accounts for more than 20% 16% FINANCIAL the pacemaker and ACTIVITIES of the total employment in the Twin Cities. supercomputer — MN DEED 2019 PROFESSIONAL & BUSINESS SERVICES

GROWN AT A GEOGRAPHICALLY STRATEGIC LOCATION Minneapolis saw 34.5M visitors in 2018, The birthplace of Twin Cities’ economy began in the 1800s when companies like adding $8 billion in the forerunners of Pillsbury and General spending into the Mills sprang up along the St. Anthony Falls, region’s economy the only major waterfall on the Mississippi River and ideal for water-powered mills. St. Anthony Falls — minneapolis.org

2 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com cushmanwakefield.com MINNEAPOLIS-ST. PAUL | 3 CORPORATE PRESENCE SPOTLIGHT MINNEAPOLIS CBD

Minneapolis’s Central Business District features world-class daytime and evening amenities including “A headquarters economy.” restaurants, theaters, shopping and professional sports teams. Its central, accessible location makes it the preferred location for corporate headquarters, financial services firms and law firms. The Greater MSP region is a hub for thriving NATION’S LEADING MEDICAL companies. These companies attract international TECHNOLOGY MARKET The CBD is home to the world’s largest Skyway System, which links most of downtown Minneapolis through a recognition every year for their innovation, Known as “Medical Alley,” Minnesota leads in the medical sustainability, ethical leadership, brand value and technology sector, ranking #1 in medical employment, led seven-mile indoor series of walkways and bridges. corporate citizenship. The region boasts a high by home-grown companies such as Medtronic, 3M and concentration of Fortune 500 public company St. Jude in the manufacturing sector. The renowned Mayo Key downtown attractions include the new U.S. Bank Clinic and the University of Minnesota are among local headquarters in the U.S. with 17 firms based here. Stadium, , , the Hennepin organizations that provide world-class healthcare services Avenue arts and cultural district, the vibrant restaurant The largest private U.S. company, Cargill, is based in and research, while innovative healthcare companies such Minneapolis along with numerous other multi-billion- as UnitedHealth Group and Prime Therapeutics provide scene, North Loop neighborhood and Nicollet Mall. dollar private firms. cost-effective delivery solutions. UPCOMING MINNEAPOLIS EVENTS HEADQUARTERED IN GREATER MSP 2020 2020 2021 2022 SUMMER NCAA MEN’S NCAA MEN’S NCAA WOMEN’S FORTUNE 500 COMPANIES FORBES LARGEST PRIVATE COMPANIES X GAMES WRESTLING CHAMPIONSHIP BASKETBALL REGIONAL FINAL FOUR

FORTUNE GREATER REVENUE REVENUE MSP COMPANY 500 RANK COMPANY INDUSTRY (billions) EMPLOYEES RANK RANKING (billions)

1 UnitedHealth Group 6 $226.2 Food, Drink, & 1 Cargill Tobacco $113.5 160,000 2 Target Corporation 39 $75.4

3 Best Buy 74 $42.9 M A 97 Mortenson Construction $4.6 2,700 4 3M 95 $32.8 2025 PLAN: DOWNTOWN MINNEAPOLIS 5 CHS 97 $32.7 In 2011, the Minneapolis Downtown Council, the Rosen’s Food, Drink, & 154 Diversified Tobacco $3.1 4,000 city’s business association for the CBD, announced 6 U.S. Bancorp 117 $25.8 its objectives for the city’s next 15 years. The plan’s 7 C.H. Robinson Worldwide 185 $16.6 initiatives stem from creating a “thriving, livable, 186 Andersen Construction $2.5 8,000 connected, green, exciting and welcoming” 8 General Mills 200 $15.7 Minneapolis through these action items: 9 SuperValu 201 $15.7 211 Taylor Media $2.2 12,000 10 Land O’ Lakes 212 $14.9 • Double Minneapolis’ residential population to 70,000 and emphasize offices on the north end 11 Ecolab 215 $14.7 of Nicollet Mall 12 Ameriprise Financial 249 $12.9 • Invest in an arts and entertainment district Minneapolis-based Cargill earned the top spot 13 Xcel Energy 274 $11.5 between Nicollet, Hennepin, and , on Forbes’ annual list of America’s largest private 14 The Mosaic Company 325 $9.6 attracting 5 million visitors annually companies for most of the last decade. Forbes’ list of 15 Hormel Foods 328 $9.5 privately held giants includes five Minnesota firms. • Build Gateway Park, creating a grand 16 Thrivent Financial 351 $8.6 connection between the CBD and the Riverfront.

17 Polaris Industries 476 $6.2

4 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com cushmanwakefield.com MINNEAPOLIS-ST. PAUL | 5 SPOTLIGHT ST. PAUL CBD THE WORKFORCE

Downtown St. Paul is a place where businesses prosper HIGHLY EDUCATED WORKFORCE, STRONG JOB GROWTH and workers and residents enjoy an unparalleled quality of life, creating a vibrancy of its own. Its urban fabric of corporate headquarters and retail, arts and Minnesota ranks 4th entertainment, parks and history creates a unique in the U.S. for highest 2,032,283 2.7% unemployment global city on a livable scale. median earnings for Labor Force rate female employees The historic Capital city is building towards the future. 18,000 new jobs and nine new office buildings have been added in downtown St. Paul in the past 11 years 6.5% Labor force Twin Cities metro growth over the 5th best metro area — an investment equaling more than $650 million in area is ranked in last five years, and for STEM professionals the top 10 best job construction costs alone. More than 72,000 workers expected to grow in 2018 markets in the U.S. are employed by nearly 1,200 companies, creating a by 3.8% by 2026. workforce that maintains a sharp focus on current and emerging business needs. Median household 93% have high Among the The population of Downtown St. Paul has exploded in income school diploma; highest labor force the last 10 years. More than 9,800 people live in the Mpls - $79,578 42% have bachelors participation rates CBD, which is a ten-year growth rate of 102%! Since US - $61,937 degree or higher in the nation at 70% 2010, 2,548 apartments were constructed which is an increase of 70%. US Census January 2019, BLS November 2019, MNDEED 2019, U.S. News 2018, WalletHub 2018, ZipRecruiter 2018, Forbes 2017

Major attractions in Downtown St. Paul include (home of the Minnesota Wild), Ordway ATTRACTING MILLENNIALS Centre for Performing Arts, Science Museum of Minnesota, CHS Field (home of the St. Paul Saints) and AND GEN Z the Minnesota Children’s Museum; and events like the The Twin Cities is a national magnet for young St. Paul Winter Carnival, which has been a tradition in professionals. Its low unemployment rate, high Downtown St. Paul for more than 125 years. number of Fortune 500 companies and reasonable cost of living make it an attractive destination for HEALTHCARE HUB newly minted grads, notes Forbes. The Twin Cities is known as one of the nation’s healthiest cities. The city is ranked extremely high for healthy population, doctors per capita and access to high-quality hospitals. Minnesota ranked Among residents under as the 2nd best state Top 10 35, the Twin Cities place for gender equality, emerging in the Top 10 for highest 4th best state standing out for city for college-graduation rate, for millennials high rates of health Startups highest median earnings coverage and low — Wallet Hub 2019 and lowest poverty rate poverty rate. — Forbes 2018 — US Census — Bloomberg

6 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com cushmanwakefield.com MINNEAPOLIS-ST. PAUL | 7 QUALITY OF LIFE QUALITY OF LIFE

OUTSTANDING LIFESTYLE THE CITY OF LAKES The region’s relatively low cost of living contributes The metro area boasts more than 1,600 lakes for to an outstanding quality of life, as do numerous residents to enjoy sailing, swimming, fishing, skiing natural and urban amenities as well as the low crime and skating. The Twin Cities has one of the most rate, clean air and water, accessibility and access to extensive park systems in the U.S., comprising quality health care. 136,000 acres. The Minneapolis Chain of Lakes Regional Park is the area’s most visited park. EDUCATION The Greater MSP region is home to 34 colleges & TRANSPORTATION HUB universities, ranging from globally ranked major SKYWAY SYSTEM research universities, to world-class liberal arts Minneapolis is home to the largest Skyway System in colleges, to trade & community colleges - all relied the world. upon by some of the world’s largest companies for training a great workforce. PUBLIC TRANSPORTATION The most recently completed Light Rail line is SPORTS already exceeding ridership projections by 25%. Two new light rail lines are currently under development, Minneapolis is home to six professional sports teams. serving 27 new planned stations.

HIGHWAYS Three major interstate highway systems serve the Twin Cities: Interstate 94/394 (running east/west), WOMEN’S FOOTBALL BASEBALL HOCKEY BASKETBALL SOCCER ARTS & CULTURE BASKETBALL Interstate 494/694 and Interstate 35 (running north/ south). Other than New York City, the Twin Cities has more Minneapolis hosted the 2018 Super Bowl, the 2018 theater seats per capita than any other U.S. city. NCAA Women’s Volleyball Championship, the AIR TRAVEL Several internationally acclaimed museums and NCAA 2019 Final Four, the 2019 KPMG Women’s The MSP International Airport offers non-stop flights theaters call the area home, including the Guthrie PGA Championship, and is the new home of the to 136 domestic and 27 international markets. MSP Theater, the Children’s Theater, the Walker Art PGA Tour’s 3M Open. ranked 17th in North America based on more than 38 Center, and the Minneapolis Institute of Art. VOLUNTEERISM million passengers on 400,000 flights annually. SHOPPING Minnesota has consistently ranked above the Minneapolis is one of the country’s most popular national average for volunteer rate, coming in at MSP named best North American airport in shopping destinations. Its celebrated Mall of America #2 in the nation with more than 45% of the state’s its size category for the 3rd year in a row. is the largest shopping and entertainment complex population volunteering in 2018. Minneapolis-St. Paul - Airports Council International 2019 in the nation at 4.2 million SF and boasts 40 million had the highest city ranking in the nation with a 46% visitors and $2 billion in economic activity annually. volunteer rate. — CNCS 2018

“Twin Cities leads the nation in both volunteerism and civic engagement – two hallmarks of thriving communities.” — Greater MSP

8 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com cushmanwakefield.com MINNEAPOLIS-ST. PAUL | 9 ve NE

ve N ve Ramsey Cir 5th A

MINNEAPOLIS CBD MAP SEve 14th Ave N Winter St NE Lighthouse NE St Ulysses Marshall A Main St NE

65 10th A

4th St NE 2nd St N St 2nd Boom ve NE Washington A Washington ve NE Plymouth Ave Plymouth Ave Island Park Pioneer 4th A 7th St NE ve NE Dana Monument 6th St NE Hansen Int’l Bros Muscle Electric Machinery Olson

ve N St d VW Fence Bound Guthrie Sheet 2nd St NE Company Inc Clock-

Costumes

r 3 Man Familia HQ Nutrients Hoover Bindery BF Nelson Park Central A Borgen Metal Intelligent

Brownstone Radiator Hennepin A SE ve work Aldrich Ave N Ave Aldrich ve E BuildingBanks Hennepin Ave E Banadir 5th St NE

Products Acad 12th Ave N 12th Ave N LeBlanc Raymond Di’s House University A Ptg 14th A Lyndale A Mpls B&B 700 Sunbelt SE ve United Central ve SE Walman Faith International Public Rentals Education 6th St NE Church Housing 2nd St N ve NE Baraka 7th St NE Hennepin Center Washington A Ukrainian d A CenterAuto 5th A

Authority 3r Minneapolis 11th A

Bryant Ave N Ave Bryant 9th St SE Event Waterworks 575 Business Center ve SE Center ve N ve NE 8th St SE 9th St SE Wells Fargo Document Sterling 629 St 2nd A Wire & Fire Acme Wells Fargo N Loop Itasca Bldg R iver 900 Bldg Cable 6th St N N St 5th Clinic 8th A 9th St SE Support Center Station 918 Lofts Washingtonve N Sol Comedy1st St N Brunsfield Maple Pl Havn Nicollet St Talmage Ave SE Northloop ve N Tractor 4th St NE 11th Ave N Gurley Lofts Works American Lofts Bassett3r C The Island A 610 9th A ve NE US 7th St SE Spirit Businessd Ctr St N 9th StGraphics SE River St Old Sawmill Bank 10th Ave N NoLo HistoricC Lofts 1st A Fire 9th St SE Else Whse r Landings 6th St SE Third ve N eamette Site Dept 5th St N 35W SE ve icol SE ve Aldrich Ave N Ave Aldrich r N let k eek North Sol Par ve E Apts Island SE ve SOHO tva Main St NE d 10th Ave N Napco Ave 8th A 2nd St NE ve E v Village at St Anthony Falls l 5th St SE B Mill 14th A

700 13th A

City Island A Falls The 12th A m Wash- River Station Apts 2nd St N Hennepin A e HerschelLofts Nordic ington DeLaSalleField Aveda E M Lindsay S Lofts ve N Pinnacle 8th St SE

Towne Place Renaissance Institute e ve Como Ave SE e v t on the River ve W Holmes Apts A i 9th Ave N 10th Ave N East Bridgeces Spectrum th h Suites Riverwalk4th A R O 0 728 West River Pkwy r 2nd St SE Park 1

3rd Paxon D iv

W Lyndale Pl Loose-WilesBuilding e e l 7th St SE Heritage DeLaSalle l r n Landing 1st St N p Union

a 4th St SE

a 730 N High School la Lour re

ve S 1 Main Bank

V 4th4th St StN Jager (Catholic) c

e Chute Whse a Brook Ave SE

5th ey Van

Falk Sunrise veMetro N L des Pl Squa A E Lyndale Lyndale E r ve N

8th Ave N 7th St N 720 N Banks Washington A Mkt ve SE Bunge e Cleve

8th Ave N 4th St Paper LoftsA RockLofts Is Eastman A Main St SE Atomic ve Cedar Lake Trail D Bank St SE Grain Park 7th A Data 5th A Godf ve House Marcy-HolmesOpen School 710 N Center Elevator 4th St 2nd A Wilder St 6th St SE B 3r 9 Flags Grain Belt ve NBookmend St N ve N Nicollet ry Beer sign Island St AnthonyMun Ramp ve SE Century

a Aldrich Ave N Landing SE21st Ave e Variant Inn 20th SE Ave 22nd SE Ave n d ve N ve N d A Azine Ln E e SE 19th Ave t u l Lofts Merriama St r Central A Link r 6thBookmen A Security 3r d A A t P 5th St N Lofts s r SE 18th Ave e 7th Ave N Colonial ve Power St t 3r ve SE v n 7th A Junction Whse A 2nd St SE Marcy w Stacks University A Mpls e G o InternetExch C r Oak Lake Ave Flats Hewing ve N h Church of N B North- a Playground Lyndale A District 4th St N western n 5th St SE 9th A Rail Rollins Ave SE Hotel Pacifier Hennepin n des Squa Rollins Ave SE ve N e r 600 2nd A l ve SE 8th St SE Dock Suspension Bridge Nic ve SE U of M Be the olle Lou 6th A Street Federal t Isla ve SE Child Match Flats 2nd St N nd Park Wilderness 55 Olson Memorial Hwy DesignersGuild First Bridge 7th St SE Development 2nd Reserve Bank 1st Cong 6th A c ve N 1st St N Park Church 10th A Inquiry Center ve ve N Union Tra”c St Maverick ra LoftsSt Main St SE 5th A 5th St N ve N T3 PlazaT ve SE Zone Velo 1st A ve SE ve SE Mr Elm St SE 5th A Jeromeo ve ArtistA LoftsMill Santana 11th A rd 6th A 13th A Flour Sack ve SE Pace Fo 1st St S Hotel Alma ve SE 4th St SE 5th St SE ve SERadius ve SE Analytical Mackay Target FieldCenter Hennepin Lofts ve N ve 7th St N 222 Post Oce Water Power Park Pillsbury Mill & Main The Soap Mpls Mitchell Station Plaza Hennepin A ve Bridge UniversityFamily 12th A Envelope owers A Factory UniversityLutheran T Park West 7th A Church 5th A Washington A 3rd 14th A 15th A Midland Company Lyndale Pl ve N Whole 6th St SE Hennepin 4th St. Forbes ve SE Inn Paper der A Whse ve N ve County Gate Ramp Foods ve N ve The 8th St SE veChu 65 Mill & Main Incinerator 6 (Garage C) ve Mini- Bor The Gateway r Father Hennepin Kahda ve N chill 8th A Maranatha East University A The Marshall Bierman Siebert KQRS d A 20 ve S U of MN Blu¦s Park VOYA St Lawrence Place ve 3r 394 Metal Matic Hse Baseball Gate ve N W 1st St S St Anthony Cath Church 17th Ave SE ashington quette A S Stadium

Aldrich A 5th St SE Bryant A Falls Lab ve SE Gate 3 Washington A t A C Chavez Ave Target 2nd A gate n 2nd St SE ve SE 14 3r Mar r th Target Facility Murphy Field on Express Athletic Village Jobbers Minneapolis d St N y Gibson/Nagurski Fa Fottball Practice Warehouse Royalston A The ve S lls Venue Apts

Whse Mary’s reet Rive The 10th A ve SE RileyW Hayes W Hennepin Island Bridges ve SE 4th St SE Co

Farmers’ Place N Carlyle Barrel e

ve S d A s

o The KBop Football Rec Sports A Lakeside

t WymanBldg House t Floco Fitness Bldg Gate e R Knoll 5th StRamp 3r o

S r Dome

Gate 100 2nd St S i 11th A ve SE 14th A

Market Kirby Puckett Pl 34 Transit n River v Lock House Willy’s Dinkytown h Cowles

Stop Minneapolis e Al’s (winter) 3rd Ave N t 29 (Garage B) C Lynch 4th St N Abiitane Mill City 3rd Ave N ashington r

94 Cancer r Softball 0 ve N W SE Wine &

Park Squa Apts P PO 1 f AH Central 3r W Renaissance est k Hideaway Stadium Survivors w U of MN 13th A Mesa BlarneySpirits Police Library d St S Federal rch Railway Bridge (1883) Public Bennett y Bonchon Athl Bldg Ped 2ndBridge A ’s quette Plaza ce Bldg SE Power Library 52 Target Plaza r 111 Hotel Tony’s Bierman Field GayAC Hotel O (military) C Goldy’s r Minneapolis90 Event Ctr rown Plant International Ma ossings Roller James J Hill Stone A Hall Univ R D 4th St S ashington 2nd St SE Sanford Roy Wilkins Market o Cedar Lake Trail Lumber r ve S Mill Ruins Park PurpleVarsity Holden St y w Exchange W Residence Ce Baptist Theater Potbelly e 5th St N 35W 123 Pagoda ve SE Square a r Nicollet (buses only) The ChurchOnion McD’s A&L l a 365 Depot resota Hall D Ligne s Bldg Loring in t C Nicollet The C Inn ve S ky Labs Glenwood A o Xcel Ene MacPhail5th A DinkydaleAnnie’s t Roset n d rget o o substation w ve A Latitude 45 Ctr for The 15th A Twins Way R Ta Northern n

ve N ve v Center ve S Center W ve SE rgy Operation Music e DonhoweErbert & G Creatis e 6th St N Xcel A Whitney s Glenwood A Nic on o- North t r

ve 5th St SE e Cowles Plaza r R St Anthony Dinkytown Greenway Peik Hall Gerbert ve Family i Music Glenwood/ Center 5th Court Holiday Inn ve CVS e n McGuire 2nd Ave N Lifetime Fitness City of Portland AStar Lofts Lofts r Falls Lower Gym University A Glenwood Ave LakesBldg Depot East P Ed 16th A Translational Center for Loews Met w Downtown KM Evergreen 4Marq Express Kinney Stone Arch k Lock and Dam ve SE ve N Mpls Hirshfield’s 7th Street politanLofts Lofts w Residences ve y a Research Magnetic Dogs Bldg Embassy 330 2nd Tritech Ctr & Lange Washburn Peik Baseline A Mayo 6thSuites St S y Aldrich A Ramp Heating Pottee Minneapolis Co 7th St N Clinic 100 S Mill City I-35W Hall Facility Resonance 50 S Center- Bldg Museum Tennis Facility 394 (Garage A) 9th St N Plant Hall ve SE Community ve N 5th St Flour Exch Lofts 17th A Research

First Squareve Sixth Gateway Remembrance Child A Lyndale Lyndale 33 S 6th St point 5th St Title Humboldt 12th St N St 12th & 7th St Ramp Mineral Hillel & Technical Dalton Entry City Center 150 S Insur US Municipal Garden Develop 10th St N ve Lofts 4th St SEve SERidder Gear 1st A - 5th St Mill DistrictCity Apts Resources College Colfax A Hampton r T A Center Shevlin Center Biomedical Currie Ave 510 owers 219 Mpls Public Svc Gold Medal Park Resch Ctr Folwell Episcopal Arena Transportation Qwest Currie Ave Hotel Bldg Hall Discovery Pantages RBC Ma Courthouse& Federal CenterPoint Hall Cedar Lake Trail HawthorneInn & Theater The Emery Center Xcel Suites Plaza quette CenturyLink S 4th St T Jones 3M Arena District Transportation Hennepin A Park St Guthrie raining Ctr 18th A Substation 8th St N MarriottHotel e Amer Theater old Bell at Mariucci Center 7th St S r Hall estin Haaf Millwright Fi Acad of Eddy Williamson Museum Oak St SE New Anthony Nolte 5th St SE 11th St N W Ramp Dept Mill City iver Pkwy Burton Hotel ve Falls Apts st R Hall Hall Brave New Neurology 2nd St S We Century MplsExchange Grain People River Garage Theater C Randower Clinic ve S Hall Workshop rown T 5th St S Wells Fargo Oces Serving Trader American State 7th & Nic Wells 550 Tower People Parkway SojnrCh Chestnut Ave Theat Bank City Hall Radisson Red Cross Scott Nolte 8th St S Fa rio Joe’s Nicholson Armory Std Co-op ve 9th St N T Th Place ve S Center Sports Centerr Northstar ve S Encore Hall YMCA go Red r Hall University A ne A Orpheum r ParkShop & CanadianPacific American Squaesher ve S 19th A Elliott Pavilion e Radisson Center Plaza 3r East Aloft Hotel Pillsbury Center Theat LaSalle Blu Hotel Ma quette A d St S Hall 4th St SE 10th St N End Bridgewater Wesbrook Hall Field House r 600 Tower re ve S 13th A Williams Point Plaza quette 2nd Capella A US BankPlaza Apts Hawthor YMCA Hotel Mar 9th A Hall Church St Arena 15th St N PwC Plaza Tower Henn Co ve S Northrop ve SE Energy r Fleet Farm Garage TCF Bank Link UM Nurse 11th St N e Facility Washington A Youth Wulling Memorial Linden Ave 9th St S Nicollet (buses only) Roa- Public SafetyEdition Parking y Stadium Linden Ave Metro 4th St S Pract 10th A

noke w Hall Auditorium Rapson Post Inn Transit owne Hennepin Co ve CommonsThe Ramp ve S Civil Le Méridien r Clinic k ce Grand A Apartments Cooke Bu¦alo Chambers BakerC Plaza Gov ve S Lofts Hall Thompson O Residence 8th St S WCCOHotel P Eng’g University 12th St N RSM FedEx Inves- Riverview Johnston Morrill Shepherd Hall Wild r HighlandBank Ct Star Tribune ’t Center Stonebridge ve S ve S Center Plaza Ctr Northstar 4th Ramp ’t Ctr 5th St S ve S Ave Ramp Chicago A e Hall Hall Labs Wings tors 12th A The Legacy FAIR Center v 801 Marquette US Ameriprise 11th A ces i Fraser ve SE School US Bancorp T ve S Ramp U of MinnesotaO 1st St S il lage rust Gov R Hall V s ve S ew Pl Akerman RecreationAquatic a Open 14th A t Ta 19th A el m s Tate Center Hawthorne Ave r o r Book Walter Hall & Weillness Lau h get ve S 4th A e Mechanical Physics and ve Sto MedicalArts Library Hall 23rd A T Armory Center McNamara

5th A McGr S ve ve s W rch u re Mpls Minneapolis Engineering Nanotechnology t p Club d A ve S Alumni FirstChu Baptist n St. Olaf Thrivent 4th St SE i m 50 S Catholic 3r Center a a Financial 4th St S Hall Murphy S Foshay

C 10th St Chu Keller Beacon St SE A 21st 333 Appleby Hennepin A Hall Ontario St SE 15th St N 6th St S Lind f W Hotel Smith Fire Info o is LaSalle A rch Vincent Hall

Pleasant St SE Hall Harmon Pl l W 7th St 701 Hall Graduate Station 19 University A E River Pkwy Washington Laurel Ave o Health Hennepin Co 2nd St S 2nd St S Tech 13th St S Bldg Chicago A Hall Days y p Hennepin Co Ave Ramp Harmon it a TheTa Courtyard Northrop Mall AT&T Church St SE owerOracle Cath Crime Lab Plaza 3r 22nd A Bruininks rs e Dakotarget Two22 ve S by Marriott Star- Apple- Hotel Court n get Plaza Plaza T Ene ServicesJuvenile Bldg Medtronic d St S e r Commons Justice Hall Koltho¦ Oak St SE Caribou Campus Union St SE v n Ctr ay Hyatt Place Center Ford Hall Amundson Hall bucks bee’s i i 10th St S Charities Downtown Southe Mall ve SE n M Ta Ctrr gy Hall Tea Parking U Ene UnitedW HCMC Harvard St SE ve SE

ee Herb’s Sisyphus Stub & ve r 9th St S Ctr Ramp The U.S. Bank Theater Elmer

St. Village House Spruce Pl r Ramp 11th A 7 West Washington Ave SE (buses only) HK Brewing 16th St N Marten gy Sexton r ve S

Avis ve S Stadium Bam 17th St N St 17th WCCO-TV Ramp ve S n Anderson El

ve S ve WaHu 7th St S Noodle

Deli Dunwoody Weaver- Kowloon

Ontario Ave Enterprise Portland shington Ave S WilleyLibrary Afro Loro League H a Mondale CVS Blaze 25th A

omen Sally’s College of Technology Guest Molecular Densford Huron St SE Goldy’s

Hennepin A Hilton Catholic Tower e W Hall ve Bridge Weisman Hasselmo Ltl Suites Box Oce W Hall Jackson Noodles Sprout

DoubleT Mpls estern Park APurple n Art Hall & Cellular Hall Szech n Hall

W Lehman’s Moos Punch Kraus Building Co¦man Bambu

e Washington A Museum Bio Grace Caspian Hope

Maple St Yale Pl YWCA 11th St S Inn Anderson Auto Body First Med Ctr MN Dept Chipotle Hse of p Tower Covenant Memorial Walgreens Lao ve Portland A ve S Mayo Ev Luth Harbor ve S ve Ramp Delaware St Charity i Aldrich A 6th St S of Health Budget Normandy Theatre St SE Walnut Minneapolis Loring Best n Chu Union Sze Chuan City ve S Sleep Aud Ch Bldg Anity Loring Park in the opolitan Green 1200 on C Delaware St SE Communityr and PeaveyPlaza The Elliot Wells Fa8th St S rch Love Power Comstock Phillips- Plus the Mall Number EMERGENCY o Heating Round Delaware St SE echnical College Apartments ch Red 15th A Hall WangensteenVFW Dunwoody Blvd T chestraHall r Auto Bank u Boynton 1225 12th St Sr 2nd A ve Sn Plant Building Cancer and MetState Univ t Oak St Solhaus ve SE LaSalle O ve Ramp Good-year r Building y Anderson Health Centennial go Cedar A Mayo Memorial Center LaSalle A Westminster Leamington GethsemaneEpiscopalChu HQ Apts M Blegen Hall Territorial Ramp eenway Gables e Bud Grant Pl Yudof Service Building Hall Gr P Hotel Ivy d ve S Hall Masonic Hall ve resbyterian ic Hall Diehl Harmon Pl Nicollet (buses only) BoleroFlats chestra 1001 North Cancer Booth r Triangle a ve Hubert Children’s 26th A eenway Church Francis l Hall Stadium Manor r O Drake OrangeBldg C e 9th St S e Central UHall 1010 35W Humphrey Social Rehab Center quette A Hall Ramp 3rd AveSouth Chicago A Mensing Bldg ve S ve v Park n View Loring Loring G q. 11th St S Green t 10th A 3 Sciences Minneapolis r Bldg e r School of Variety Club A Hyatt Parkside r d Essex St SE Apts

Park Mar 1201 Skyscape HCMC 16th A St S Public Policy Ferguson University of MN Sculpture St Willow Holiday Blue Bldg 7th St S Research Stadium n Regency Alice Rainville Pl Ma E River Pkwy i Ramp Bldg Garden Inn Expr Primary/Care Hub Bike Wilson Hall Center Medical Center Village Erie St SE p Tallmadge Century Dog Life Sciences Lyndale ALyndale CommunityHope Doubletree One Park Secondary 19th A Library University Campus e Midwest Ted Mann Pioneer Church Marquette Cath 2nd Plaza Baldwin Coyle Frontier by Hilton n Ten Char Essex St SE Loring Chu Mixed Mountain- Concert Hall n Ch of 10th St S Community Hall Clinics and Grant Sci DouglasCorp Blood 4th St S e Ramp Hotel Christ Hilton Mpls Centennial Pl r eering Carlson School S ve Rarig Hall Surgery

Loring quette Plumbers ve S ch Center ve S Theater Harvard St SE

H St Millennium S

ve Garden r Grant Park Parksideof Bldg of Management Center

Way Place r Center Kenwood Pkwy e Inn Union P ve S Fulton St SE

Ma v Kinder-

Grant St Walgreen’s Fulton St SE

A 9th A Elliot 4th St S 15th A Nicollet Currie Assoc 20th A care

ve S ve Loring Historic o Park

L ve S Phillipps 11th A Park Towers g Bank Riverside Middlebrook S ve

o T S ve 505 ve S N

owers Wesley Central G N Hanson Eitel S ve a Ronald r S ve r Hall Riverside Ave S

a S ve Plaza LaSalle A Hall o in Center Lutheran 11th n c Cedar

Apts 1350 i Hall McDonald ve S ve Spruce Pl Loring t g RS r Locust St 5th A S LPM Apts Church St 7th A h Cultural

t t A L on the d People’s House

100 EdenE Ctr e h Miller

a C r

4th A Vineland Pl k 1st A (ELCA) Center Minneapolis Grant St Center

Al- r Mall 3

e Commons Hall Regis Ctr for Art Kingsriter The 23rd A 14th St E C 22nd A

Oak St SE Erie St SE 14th St E 14th St E M Ontario St SE Assemb Park A i 14th St W e Karama s Annex 21st A of God 14th St E sis University Red Wood- Convention Center Slater 1400 n 6th St S Yellow sipp NCU t Trask Jones 5th St S Barker 5th St S North i Riv Commons Eye dale Square Park ra Trinity Ramp er Walker Cathedral Media Xpress l Ctr Library Augustana Dance Building Wuertele Emerson PraiseBooksto Cong. ve Church Art of St Mark Un ity Health Care Ctr Corporate E River Pkwy Upper FM i rs ADC School ve East Village S ve ve Sve Center (Episcopal) Center Building G Garden 15th St W Carlson Hall Health- r 15th St E Market o Woman’s University of MN v Free- Partners 15th St E Mall e Club 15th St W Loading Docks Zimmerman s Medical Center Riverside wheel Clinic West River Pkwy l n a 510 S ve

ve S ve West Bank n Park Hall o d Groveland Fire Cedar A 6th St S ve S ve College of Colfax A m Oren Dartmouth Ave SE Hennepin A ElderCenter The Cedars M T ve Micah Hse Dept e Pl Oak Gr East Bldg St Catherine’s SE27th Ave t m Gateway C rr o Minneapolis

u 10th A Augustana Center Riverside

Police 16th St E 16th St E r 1730 ove St Oak S C v Thomas S ve Elliot A t Red Professional e Clifton e Apartments Augsbu Gold Grove s r Lowry A Kenwood CliftonC v Elliot Park g C Ramp Building a Riverside Ave S Ramp v li Grocery A Franklin ol Park e f E Hagfors l Green Gables t Grocery Lindell e S ve o Steele g d r n Portland A Leichty e 2512 S 7th

Nicollet A Douglas Ave A r Center Ramp

21st A Library Gr a ve Sve v Square Catholic Foss e 3 Hall oveland A Oak d 7th St S Amplatz ve 7th St S e Center Summit House 17th St E Charities 7th St S G S ve rove C Sverdrup Music Children’s Towers 1707 Hospital Riverside 26th A Science Hall Hall Park Blue Riverside

ve S ve 3rd Ave ve Luther Hall Si Melby Plaza Lot Yale Ave SE

ve S ve Park

Bryant A Ice S ve Juut Hall Hall Purple Ramp Summit Ave LaSalle A Arena ve S ve Anderson Christensen

Dell Pl A The Ace 1st A Stevens 2nd A Kennedy The Community Hall Old Center Davanni’s Groveland Hardware 18th St E Center

Kenwood10 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com18th St E cushmanwakefield.com Peace Main MINNEAPOLIS-ST.27th A PAUL | 11 St SE St 8th St S Murphy Superior 6th Ch 18th St E Gardens Mortensen Park Svea 8th St S Christ Family Social S ve Hall Urness Edor-Nelson

ve Sve

A Triangle Sci Dollar Stevens Anew Field Star- E River Pkwy Security S ve A 18th St E Light Rail Hall Lincoln Ave Square ve S bucks

A Dimension

Columbus A Tesoro ve S ve Shops A Butler Pl S ve S ve Childcare

ve S ve

ve S ve

ve S ve ve S ve ve S ve Franklin Groveland Ave S ve MaxIt Cedar Terrace Van Dusen Plymouth Pawn 20th

ve S ve 19th St E S ve 94 Dog Park West River Pkwy

ve S ve

Lyndale Lyndale e A Mansion 4th 19th St E v Congreg- S ve

Elliot A

A 14th A 19th10th A St E 11th A 15th 9th St S ve 13th A 9th St S Lowry Hill A ational St Paul Chicago C ve S ve 9th St S Seward Explorer Park 9th St S ve S ve Catalyst Community e Baraka S ve Liquor Ridgewood A t Evang Trinity 1st 19th St E ve Bridge Church ve d Arts Ctr Seward Sq Franklin Terr

n 21st A Seward

ve S ve Child Care Emergency a Conn Fine Conn

Lutheran Ch A A Pillsbury Pillsbury Luth Church Scooterville Empl a 22nd A r 25th A Tower s Perkins Services Vision & School 24th A PPL Loring- Action S ve

El Zácalo Anishinabe A a ve American Stone- S ve S ve

MN Franklin West S ve Loss e

Nic Alt Sch v Ctr Cedars l Chu bridge Hodru¦ Giant Indian Wakiagun Riverside Ave

r Franklin VOA 29th A Franklin A

ch Straitgate Red & e Burch Resources P S ve Crown 94 Housing

ve Sve

Epstein Wash Ctr M

A Aldrich

School Park A Center Seward

A Bryant Bryant Center R R Beck Ed Ctr

Church Ave S Fire Northern Clay

Chippewa White Minnesota

ve Sve Co-op Franklin Ave W Medical Mem Chpl i Merwyn Dollar+ n Zipp’s

Franklin Tower Bakery Sandvik Stn Holiday Wells Art by Center 27th A W Franklin Ave E Taxi Public Library n Triangle Park Semple

Morti- 23rd A 26th A

30th A Mpls Mansion Franklin A Liquor ve S Franklin ve E Franklin Ave E e Fargo Shell East Kimber mer’s Park CVSEat St Norway h Franklin Ave E Theater Franklin Franklin Ave E S ve Villa Nicollet Flats BP Carlson PPL Franklin a 31st Community- A Lyle’s Garage Lofts Electric Portland A Place Aldi Franklin h Playwrights’ Mon Bethany Sober- Printing Svc Ancient Traders a Co-op Seward Cushman ©2017 Hedberg Maps, Inc. ve ve Norwegian Business MarketUniversity Fetus Peavey Field Center Petit Luth Ch fish Franklin A hedbergmaps.com Market A S ve Pillsbury A K’uhl Choc Co-op Harriet A Franklin-Nic Ctr Creamery

ve Nicollet Pleasant A Lutheran re Center Health Ca v Cherie

28th A ve E Grand A LiquorExchg Bolder e Cedar

Franklin Grounds S

Options Powwow Box Milwaukee Bank Ave

Oakland A

A Blaisdell Rice St Rice Christ Cass Gilbert Ford Bldg Economy Education Anchor Ramsey Co. MN Dept Lutheran Memorial Park St Paul Kittson St Inn Bldg MN Dept Paper Law Enforcement Natural University Ave University Ave Administration Police Center Resources

10 Pine St Capitol St Olive Grove St Willius St Power West Bldg Regions Hospital Helipad Plant & Gillette Children’s 35E Univ Leif Green Line Light Rail (2014) Specialty Healthcare Nat’l Erikson Minnesota State Capitol

(MN Historical Society) Rd Lafayette Bank Park SprucePrinting StHonsa

MN Dept Human Main Broadway Pine St Services Beacon E 14th St EMERGENCY Lafayette Rd Aurora Ave MN Entry Church SOB State M Judicial BalsamViking St MN Dept Ramp O ce Electric Lafayette Bldg a Ctr (MN DeptsFreeman of Health Bldg Labor & r Orville Park Industry

t Subway i & Agricuture) Big Wood n

L Savoy u 5 t h Inn Holiday e E 10th AnchorSt r MartinCentennial Luther Bldg King Jr Blvd Sears K Paper i Stassen Bldg Enterprise ng (MN Dept John St J Best of Car Rent Rice St r B Revenue) Times Heppner’s lv Cedar St Twin Tool d Olive E St 8th St Auto Body ST. PAUL CBD MAP District E 9th St Dept of Energy Schur- Cork’s Pub Transportation MDA meier Lafayette Freeway MDH 35E First Baptist Lofts Lab N Robert St 94 Lyons Jackson St Suites EmbassyHotel Ct Columbus Ave RenaissanceSibley St E 7th St E 12th St E 10th St 225 St Paul Box 9th St Armory St. Mary’s Catholic 10 Best Western BP City & County Eisenberg’s Credit Union Temperance St Wacouta Church 94 Kelly Inn Liquor Vault Market Commons Minnesota St Jimmy Wacouta St Sweetwater John’s Sibley St Grille 9th St Lancer 5 Lofts Service Bridgestone Veterans’ The Peneld Bio- St. Anthony Ave (2013) metric DakotaThe Super Service Bldg E 12th St Sibley Ct Cedar St Lunds Black Sheep E 9th St Gopher America 52 (2013) Keys Capitol Essex Bar St AnimalPomeroy Hosp W 12th Wabasha St Guitar Allen MN Dept Rossmor Bldg E 8th St E 7th St Bldg 94 St Human Camp Bar h Fire Sawatdee 1t Services 100 E th St Sibley 1 Stn 8 E 7 Park E 10th St Market- Ramsey Co River Wall St The Pointe UGM Amer Park A’BULAE house M Bulldog a Public BldgHealth Pawn Avis/ Trattoria Lofts Heartland ri E 10th St Child Care Da Vinci’s 413Barrio on E 6th St S St. Louis Alary’s Budget Seestedt’sCarpet CHS Stadium t John Ireland Blvd St Paul Urban Academy Cosmopolitan W 11thColonnade St Public Catholic 5 Park Sq CtBin E 10th St Church Wacouta St Crane History St Paul Babani’s Housing Wine Farmers Minnesota Theatre Central Bar Broadway History Center Naomi Metro Mears Market Presbyterian Family Square Park (MN Historical Society) Ctr Jackson St Church of Place Kellogg Scientology McNally-Smith St Paul Public Minnesota Radio E 9th St E 5thLofts St at Prince St Conservatory N Robert St Prof Bldg W 10th St College of Music Mears FarmersMkt Cafe Minnesota City Golden Park Walk E 7th Place Food Parkside Rule Bldg Securian YMCA Ct Northern Warehouse: Gallery E ExchangeMPR’s St Bremer Tower Black Dog W Kellogg Blvd Minnesota St Center Sibley St The Baroque Bldg Fitzgerald 400 N Robert FACES Room Lowertown Theatre Commons Tilsner Bldg Caribou St Paul Mears Pk LowertnLot BedlamMears Thtr HealthEast Securian Prep Sch Wine & 270 Great EMERGENCY Ramsey Co MN Dept Cray Station 4 Park Ctr Spirits Summit St. Joseph’s Center Army Coco Northern Juvenile Service E 7th St Public Safety Plaza Park Hospital Ctr 401 N Corps Kelly’s Robert Depot Marshall Ave UBS Auto LowertownLofts Bank Wells Plaza MetropolitanCouncil W Exchange St 180 E 5th Miel 35E Mary Fargo McDonald’s 375 Jackson Summit Ave Main St Hall RuamMit Place Town Square Mademoiselle Bullpen A&T Market Christo’s Church of the Four Union E Kellogg Blvd Wabasha St Cedar St DoubleTree Inns Depot Old Kellogg Blvd W 9th St Assumption By Hilton Asian St Joseph’s Minnesota Expr US Bank Downtown Hat E 4th St Children’s Center Empire Mulberry St Museum Bldg Trick 5 TymesWild St Paul St Paul Cathedral ArchdioceseO ces Coee Labor/ Prof Bldg Shop Radiology Haydn Ctr Park Sq of Saint Paul College Ave St Peter St Theater Alliance TC Public Dorothy Day Center Bank Ctr First EndicottPioneer Bldg W 7thArtists Place Television Quarter National Bank E 6th St Selby Ave Smart Building Warren Burger W Kellogg Blvd Old 6th St Travelers Trips Jackson St Smith Ecolab 5th Street Center GreenFederal Line LightCourts Rail (2014) Ave Lower Landing Park W 6th St University Prada Cafe Bldg Transit Hamm Bdg Ecolab Ecolab Plaza Center W 6th St Corp Ctr Pioneer Señor Archdiocese W 7th St Press Hotel Wong’s Ramsey Chancery & Landmark Lawson 340 Travelers Commons E 5th St County Ctr Warner Rd Archbishop’s Smith Ave St Paul Kellogg Plaza Ecolab House Landmark Ath Club Square Summit Ave Center Commun W 5th St St Market St W th Roy 5 Lowry Lab Theater Peoples Wilkins Ordway Saint E 4th St Bank Xcel Energy Center Auditorium DegreeHonor of Center for Paul The Lowry Commerce Performing City Hall Bldg Robert St Bridge Rice Hotel Annex Lambert’s Landing Arts Park Landmark St Paul Heart Holiday Inn Saint Paul W 4th St Crowne Plaza E Kellogg Blvd Downtown RiverCentre Towers Riverfront Radiology & Lung Washington St Maharaja’s The Liey Eagle St Grille 2nd St & MRI Clinic Cossetta’s Visit W 4th St City Hall 35E Zamboni’s Headwaters Saint James Hill Shepard Rd Louis Free Café Paul St Paul CenturyLink Wold Nasse at Last Public Reference Wabasha St Bridge

Specialty Gold Ramp McGovern’s O ces Patrick MN Wild Library Library Pleasant St Center Jimmy John’s W Kellogg Blvd W Kellogg Blvd 7 Corners E Old County Hardware a g Ramsey Co Detention Ctr ExerCare Downtowner Chestnut St l a e Center West z Wescott Mississippi la ThompsonUnited St Station P RiverCentre P k CoGeneration k Ramp River ar Hospital w Plant P Visitor Ctr r Grandma’sJohn’s Attic Antqs y Smith Ave e Blue Ramp Dunn Bros Heilmaier v i Children’s Golden Leaf W 7th StBurger (Fort Moe’s Rd) Shepard Rd Bandstand R Comcast Docs HealthCare Tom Reid’s Science 10 River ShermanProf Bldg St Museum of Ontario Raspberry Park Cafe Fort Rd Island Park Pioneer Med Ctr DiSanto’sWalnut St Minnesota Press Florist Di St scovery Ln Livingston Ave Vehicles Dairy S Exchange St Radiation E Fillmore Ave Therapy Queen Allen 5 White Way US Bancorp Alexander Science WestFlats Side EMERGENCYCenter Green Ramp Fire Ramsey House Park MINNEAPOLIS-ST. PAUL MARKET OVERVIEW Operations MINNEAPOLIS-ST. PAUL 12 | Dept (MN Historical cushmanwakefield.com cushmanwakefield.com Center | 13 Grand Ave Society) Chestnut St American Irvine Irvine Park Ryan Ave Red Cross Park SUBMARKET MAPS

OFFICE SUBMARKETS (7)

169

61

10 94 35W 35E NORTHWEST

69435E 169 94 NORTHEAST 12 394 WEST 94 MINNEAPOLIS CBD ST. PAUL CBD SOUTHWEST 494

35W SOUTH/ 61 AIRPORT 35E

169

INDUSTRIAL SUBMARKETS (4)

169

61 10 BY THE NUMBERS 94 35W 35E 169

694 NORTHWEST NORTHEAST * 94 400 $8.2B 12 394 OFFICES 2018 REVENUE 94 (approx.) *USD SOUTHWEST SOUTHEAST 494

35W 61 35E 70 51,000 3.6B 169 COUNTRIES EMPLOYEES SF MANAGED (approx.) (approx.)

14 | MINNEAPOLIS-ST. PAUL MARKET OVERVIEW cushmanwakefield.com 3500 American Blvd W Suite 200 Minneapolis, MN 55431 +1 952 831 1000

cushmanwakefield.com

©2020 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.