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...
Aug 22, 2023 | Articles, Market Outlook, Uncategorized
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,...
Dec 5, 2016 | Market Outlook
2016 Twin Cities Office Market Outlook The Twin Cities added 30,000 new jobs in 2015 lowering the unemployment rate to 3.7%, the lowest level in 15 years, well below the national average of 4.8%. Job growth in the health care and biosciences industries fueled office...
Dec 5, 2016 | Market Outlook
2016 Twin Cities Industrial Market Outlook The Twin Cities added 30,000 new jobs in 2015 lowering the unemployment rate to 3.7%, the lowest level in 15 years and well below the national average of 4.8%. Job growth in manufacturing fueled absorption of 3,670,000 SF....
