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r'inance and Commerce <br />���� <br />�r1w �� <br />�t�■� �� <br />�� ��� <br />Page 1 of <br />���� Report says Twin Cities are `under- <br />� F8C Minnesda �iF re�' � ed � <br />� �ub�C �+atlC� <br />- �.�� <br />• �� c�,�► <br />• Cib of St. Paul <br />► ��.� <br />� ��f� <br />► �.,� <br />� � �� <br />� �� <br />��� <br />F� <br />Roseville has the most shopping spuce per capita in the <br />metropolitan area, while �lin�eapolis and Sz Paul are at <br />the low end of the scale. <br />�r � �r�� �, �r wr�r <br />��� <br />With the office market still slow, perhaps the old rsal estate axiom of"location, <br />location, location" will soon be replaced by a new �tra: "retail, retail, retail." <br />The la.te�t quarterly edition of the Unitcd PropeYties "Ot�ticwk T�p�de�" notes that more <br />than 10 million squ�rc feet of new, multi-tenant �tail space has been added in the <br />Twin Cities since 1997. <br />�'�, developers have tiout�ed plans for an additiona19.7 �]lian square feet of <br />retail in the coming years. <br />��.r� r�il�ar� such as'ilcog�, Lvw�'s �Iome Center� CVS Drug SGc�e <br />and Kirklaz�d's � itz tk�e �r�s of errtering the local �. It would seem that there <br />are more th�n enough r�ai1 ce�ters to go aro�md. <br />But United Properties a.aaly�ts � that the Twin �S �krv az� might have ]�ass <br />square footage of p�r capita �i! space when co�e�i with other metm areas. <br />According tr> the � the Twir: Citiesmetro area has 18 square feet of retail space <br />fat every �m, wa�ra�i �nd child. iiat�l Properties atu�lysts contsn�d that'sbelow the <br />naticnal average of 20 sr�uare feet per capita. <br />"Far from being over-retailed, the Zt�vin Cities may in fact be under-retailedtoday <br />compa�red to other metropolitan a�as, " the report sa.id. <br />The report also uncorks some inter�sting trivia about the per capita retail space in <br />many local municipalities. Roseville tops the charts with 82 squ�re feet per resident, <br />followed by Edi:n� with 66 square feet per c�pita. The core cities � at the low end of <br />the scale. <br />St Paul and Minneapolis both have eight square feet of �1 per persaz, while <br />Lakeville has just soc square feet per capita. <br />The research was compiled arid calculated by United Properties usmg census data and <br />C�p:{fwww. �cramlic�c+eat �cir.�l�fi�3�i� 1?�1�� <br />