Market Notes Newsletter
Mid Year Office and Industrial Update
Industrial demand remains strong despite rising interest rates and an inflationary environment. While new construction activity has boomed, vacancy rates continue to decline as space absorption remains strong. We continue to see demand being driven by distribution and...
Market Notes Summer 2022
A Hybrid Model of Work has Arrived As companies focus on a return to the office it appears a hybrid work model is here to stay…for now. Historically low unemployment (1.8% in MN) has given employees more clout. Workers have grown accustomed to remote work and more...
Office Market Update
Leasing activity remains sluggish as employers continued to delay return to work dates and contemplate the “new normal” and hybrid work scenarios. Many tenants are choosing short term lease renewals. Those companies that are comfortable making longer term commitments...
The State of Industrial
By Mike Koehler & Brad MateerSoaring Minnesota Industrial Market Continues To Persist With an estimated nearly 5.3 million sq. ft. under construction in Minnesota, industrial supply is trying to keep up with demand. Construction costs and delays in material are...