Total Universe/Historic Comparison

Total Universe/Historic Comparison

The Total Universe of office space in the Saint Paul Central Business District is 15,375,825 square feet. The Total Universe space has an occupancy rate of 89.0%. This total is divided among Competitive, Owner-occupied, and Government space. The Total Universe Historical Comparison provides a valuable long-term perspective on market trends within these three categories in downtown Saint Paul. In reviewing the current data, several trends are noteworthy.

  • Owner-occupied space, as a percentage of the Total Universe, is unchanged.
  • Government space, as a percentage of the Total Universe, is unchanged.
  • Competitive space, as a percentage of the Total Universe, is unchanged.
  • The total square feet is trending downward, slightly.

The most significant changes in the Total Universe were:

  • The remeasurement of Treasure Island Center (-85,821 sf)
  • The return of planned residential to office space in the First National Bank Building (+80,000 sf)
  • The return of space in the Alliance Bank Building (+49,613 sf)