Aug 5, 2026 | Articles, Market Notes Newsletter
The Twin Cities industrial market continued its transition toward a more balanced environment during the first half of 2026. Vacancy remains above the historically tight levels experienced in 2022 and 2023 as newer developments have not filled as fast as the recent...
Aug 5, 2026 | Articles, Market Notes Newsletter
The office market remains highly bifurcated, with newer, amenity-rich properties continuing to outperform through stronger occupancy and record-high rental rates, while older assets face weak leasing demand. The market is further challenged by a significant number of...
Feb 11, 2026 | Articles, Market Notes Newsletter, Market Outlook
Despite a strong start to the year, the pace of industrial leasing across the Twin Cities slowed after the first quarter. Several tenants larger than 100,000 SF (including BAE Systems, Huntington Bank, and Danfoss Power) consolidated or exited the market. Continue...
Feb 11, 2026 | Articles, Market Notes Newsletter, Market Outlook
The office market experienced positive absorption during the first half of 2025, the first positive absorption in nearly 5 years, only to have those gains negated in the second half. Generally, suburban office buildings are fairing better than the downtowns and well...
Sep 27, 2024 | Market Notes Newsletter, Market Outlook
As we enter the second half of 2024, the industrial market has softened, but remains fundamentally strong with a market-wide vacancy rate of 5.3%, a marginal increase from 4.9% at the end of 2023. Rental rate growth is moderating, but tenants that have not been in the...
Sep 7, 2022 | Market Notes Newsletter
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...
