Articles
2024 Year End Office Update
Foreclosures and short sales remained common in the market across all building classes; including trophy properties such as Wells Fargo Center and the Ameriprise HQ selling at deeply discounted prices and 8500 Normandale Lakes going back to its lender. In many cases,...
2024 Year End Industrial Update
With strong positive net absorption in the 4th Quarter of 2024, the overall market vacancy rate dipped to 5.2%. Rental rates continue to trend upward, fueled by sustained demand and a slowdown in new construction relative to 2023, largely due to higher interest rates...
2024 Mid-Year Office Update
Foreclosures and short sales have become quite prevalent in the market as many owners have not been able to overcome higher interest rates combined with lower occupancy and lower demand. While there continues to be a trend toward more time in the office for...
2023 YEAR END OFFICE & INDUSTRIAL UPDATE
There continue to be signs that employees are increasing their time in the office, some driven by choice and some by employer mandate (or strong encouragement). Continue reading here Market Update Year End 2023 - TaTonka After two consecutive years of record...
2023 Mid Year Office and Industrial Update
The move to hybrid work and corporate downsizings has put significant pressure on building owners with Minneapolis having the highest rate of distressed properties in the country. With loans maturing, the recent rise in interest rates and building values decreasing,...
What Tenants Need to Know About Office Foreclosure Risks
Office building foreclosure risks are on the horizon. At the onset of the pandemic, many lenders provided short-term loan extensions while the world tried to wait things out, but many of these mortgages are now once again coming due. The rising interest rate...
2022 Year End Industrial Update
2022 was another robust year for industrial activity with strong absorption. Year-End 2022 Industrial Market Update - TaTonka
2022 Year End Office Update
As organizations, both large and small, are defining the “new normal” most employers have continued to adopt hybrid or remote working scenarios. Market Update Year End 2022 - TaTonka
Do you need an Estate Valuation?
A family patriarch recently passed away leaving an office/showroom/warehouse property in a southern Twin Cities suburb to his three children, but only one of the offspring and the decedent owned the business Click to finish reading
Low Rent, but a Bad Deal?
Rent being paid is considered, by many, to be the most important aspect of a commercial lease, however, there are many lease provisions that should be added and negotiated providing significant value and flexibility to a lease. These provisions will not show up on a...