Total Universe/Historic Comparison
The Total Universe of office space in the Saint Paul Central Business District is 15,649,042 square feet. The Total Universe space has an occupancy rate of 90.7%. 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.
The most significant changes in the Total Universe were:
The removal of Park Square Court Building (-129,321 sf)
The removal of the City Hall Annex (-85,384 sf)
The removal of the Capital Professional Office Building (-34,320 sf)
The addition of The 428 (+63,025 sf)
Conversion of office space to residential in FNBB (-175,000 sf)