Property Values

Downtown St. Paul property values were hit hard by the real estate recession that struck urban centers across the nation in the late eighties and early nineties. Assessed values of downtown commercial offi ce space decreased by over 50% from 1989 to 1994 and downtown property values fl attened out from 1994 to 1996. With the creation of Capital City Partnership, and aggressive leasing activity, downtown building values appreciated by more than 180% from 1996 to 2006.

The rapidly appreciating property values leveled out, and are on the rise again, as illustrated by the graph showing the over 25-year history of downtown commercial/offi ce property values in St. Paul below.

The rapidly appreciating property values have started to level out as illustrated by the graph showing the over 20-year history of downtown commercial/office property values in St. Paul below.