2023 Mid Year Office and Industrial Update

Aug 22, 2023

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, we are seeing short term loan restructurings,   Continue reading here TaTonka Mid Year 2023 Office Market Update

Vacancy rates have edged slightly upward as new industrial building deliveries have continued.  Demand remains stable, though absorption is down compared to the prior two quarters as tenants are exercising a careful approach.  Continue reading here TaTonka Mid-Year 2023 Industrial Market Update