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ompetitive Market Area <br />)�mand for Office Space, 2005-2010 <br />��r Business 8F Employment Growth Low Hiah Low _ <br />mployment Growth, Twin Cities Metro Area, 2005-2010 � 125,000 to 125,000 25,000 to <br />nated %"Office" Jobs 3 x 30% to 35% to <br />�jected "office" employment growth, 2005-2010 = 37,500 to 43,750 3,750 to <br />200 spuare feet per employee x 200 200 <br />ajected regional demand for office space 2005-2010 (Sq. Ft.) = 7,500,000 to 8,750,000 750,000 to <br />nated Market Share for Northeast Sector 3 x 16% 18% <br />�jected Positive Absorption in Northeast Sector (Sq. Ft.). 2005-2010 = 1,200,000 to 1,575,000 120,000 to <br />rent Excess Vacancv (to brina sector from 14% to 7% vacancv) 475.000 475,000 <br />7jected Demand for New Office Space in Northeast Sector (Sq. Ft.), 2005-2010 725,000 to 1,100,000 72.500 to <br />iew of projections by MN Workforce Center, Twin Cities Met Council, and regional eCORpmists <br />ew of current employment and projected employmentgrowth by industrysector-- per MN Workforce Center <br />cior capture rate is based upon analysis of the Northeast Sector share of regional office space and also its share of regionwide office absorption 1995 to present <br />� Marpuette Advisors <br />