But in the last six months, office vacancy has dipped in the large southwest suburban sector of the Twin Cities, going from 17.3%, (or 20.4% with subleased space) at mid-year to 17% (or 19.6% with subleased space) at year-end 2003, according to a recent report from United Properties, a Bloomington, MN-based commercial real estate firm.
While class B and C space is still under pressure, it appears that the large hole in the Golden Triangle in the city is beginning to fill in. The southwest submarket edged out of negative territory by posting strong demand for class A space, resulting in overall positive absorption of 5,025 sf.
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