Absorption

Absorption is a measurement of the increase or decrease in occupied office space that occurs during a given period of time. Absorption in downtown Saint Paul’s Competitive office space from 2020 to 2021 is -357,248 square feet. Overall absorption is -353,748.  In general, the reasons for positive or negative absorption include changes in occupancy, building reclassification, building re-measurement, and adjustments in square footage being offered for lease. Absorption figures can be affected when there is economic disruption to the market. The Competitive absorption total was negatively impacted by the downturn in commercial leasing activity due to the pandemic.

Absorption History