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 2019 to 2020 is 214,609 square feet. Overall absorption is also 166,163.  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 are negatively impacted when buildings are removed from the total universe.  The Competitive absorption total was positively impacted by the increase of leasable space in the First National Bank Building.

Absorption History