Northwest Submarket Report
Maple Grove | Rogers | Champlin | Brooklyn Center | Osseo | Brooklyn Park | Robbinsdale | Crystal | North Minneapolis
Submarket Overview
The Northwest submarket is a large submarket in the Twin Cities metro area. The market is comprised of the cities of Maple Grove, Rogers, Champlin, Brooklyn Center, Osseo, Brooklyn Park, Robbinsdale, Crystal, North Minneapolis, and several other smaller cities. Top employers in the Northwest include North Memorial Medical Center (5,000 employees), Target Corporate (4,000 employees), and Boston Scientific (3,000 employees) The region shares a boundary with the Mississippi River and is demographically diverse across the submarket.
The Northwest submarket contains approximately 6.7 million square feet of office space. The vacancy rate is 6.8% and is expected to rise; however, this rate is substantially below the Minneapolis vacancy rate of 9.8%. There is approximately 440,000 SF of space under construction in this submarket, which is the most in over five years.
