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...
Aug 20, 2025 | Articles, Market Outlook, Uncategorized
The Twin Cities industrial market remained healthy through the first half of 2025, anchored by continued absorption and measured supply growth. Rent growth has moderated from a 2023 peak, though rates continue to trend upward. Continue reading
Aug 20, 2025 | Articles, Market Outlook
For the first time in nearly 5 years, the office market has experienced positive absorption, a sign that vacancy rates may have finally peaked. However, with vacancies still at high levels, a full return to a stabilized market is expected to take several years....
Mar 27, 2025 | Articles, Market Outlook
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,...
Mar 27, 2025 | Articles, Market Outlook
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...
