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...
Sep 27, 2024 | Articles, Market Outlook
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...
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...
