Market Notes Newsletter

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...

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...

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...