Products & SolutionsWho We ServeCase StudiesContact Us
Login
Search Articles
CoStar Insight

Major US Office Markets React To Very Different Demand Dynamics

Pair of Lone Star Markets Lead Nation in Office Demand, While Chicago and Minneapolis Look To Address Imbalance on the Supply Side
LaSalle Plaza in downtown Minneapolis traded at the end of the second quarter at a valuation of $74 per square foot, or $46 million, a steep discount from its 2006 valuation. Such recalibrations of office valuations may play an increasingly important role in addressing office demand-and-supply fundamentals where demand has remained well below previous levels. (CoStar)
LaSalle Plaza in downtown Minneapolis traded at the end of the second quarter at a valuation of $74 per square foot, or $46 million, a steep discount from its 2006 valuation. Such recalibrations of office valuations may play an increasingly important role in addressing office demand-and-supply fundamentals where demand has remained well below previous levels. (CoStar)
By Rhea Stephen, Brian Anderson
CoStar Analytics
September 18, 2023 | 7:28 P.M.

RELATED ARTICLES

As with other major metropolitan areas in the nation, the Chicago and Minneapolis office market sectors are working to change their supply-side dynamics in the face of anemic demand by using the one lever they have some control over, office supply.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Explore CoStar

Already A Subscriber? Sign In

Follow us on Social Media

IN THIS ARTICLE

Get In Touch
888-226-7404
Request Demo
Products & Solutions
Additional Solutions
Social
© 2025 CoStar Group