Minneapolis Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Cushman & Wakefield, CBRE, Survey, Newmark, Lee Associates
Quarterly industrial market indicators for Minneapolis, aggregated by PropZone from Colliers, Cushman & Wakefield, CBRE, Survey, Newmark, Lee Associates. As of Q1 2026, average asking rent was — with a 2.9% vacancy rate.
Projected current industrial pricing — Minneapolis
low confidenceProjected asking rent
$8.00/SF/yr
Estimated sale value
$96–$118/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.8%, asking rent held flat). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 2.9% | 1K SF | — | Colliers |
| Q1 2026 | $8.00/SF | 3.8% | 406K SF | 0K SF | Cushman & Wakefield |
| Q1 2026 | — | 4.2% | 0K SF | — | CBRE |
| Q1 2026 | $8.00/SF | 4.0% | — | — | Survey |
| Q4 2025 | — | — | 2K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 286K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q1 2025 | $9.20/SF | — | — | — | Newmark |
| Q1 2024 | — | — | 4.2M SF | 3.0M SF | Newmark |
| Q4 2023 | — | — | 3.6M SF | 5.0M SF | Newmark |
| Q4 2020 | — | 4.1% | 5.3M SF | — | Lee Associates |
| Q4 2020 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q3 2020 | — | — | — | — | Cushman & Wakefield |
| Q2 2020 | — | — | — | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in Minneapolis?
- PropZone aggregates industrial asking-rent data for Minneapolis from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Minneapolis?
- The industrial vacancy rate in Minneapolis was 2.9% as of Q1 2026 (Colliers).
- Where does PropZone's Minneapolis market data come from?
- This report aggregates quarterly industrial market data for Minneapolis from Colliers, Cushman & Wakefield, CBRE, Survey, Newmark, Lee Associates.
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