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04-09-2018 Council Work Session Packet
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04-09-2018 Council Work Session Packet
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Mr. Eric Zweber <br />WSB & Associates, Inc. <br />Selected Available Office Space <br />December 19, 2017 <br />Page 48 <br />Table 25 presents office space that is currently available for lease as of mid-November 2017 in <br />the communities surrounding Navarre including properties in Long Lake, Mound, Orono, Shore- <br />wood, Spring Park, Tonka Bay, and Wayzata. A total of 26 properties available for lease were <br />identified. <br />• The selected properties range in lease rate from $10.03 Net to $45.00 NNN. <br />• A majority (18/26) of the properties are in Wayzata and none are within Navarre. <br />• The space available in the properties ranges from 150 square feet to 160,000 square <br />feet. N"�-G <br />• Metro -wide, the office market continues to be soft with vacancies averaging between <br />15% and 18% in the Twin Cities. <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />
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