Market Notes Newsletter
2024 Mid-Year Industrial Update
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...
Mid Year Office and Industrial Update
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...
Market Notes Summer 2022
A Hybrid Model of Work has Arrived As companies focus on a return to the office it appears a hybrid work model is here to stay…for now. Historically low unemployment (1.8% in MN) has given employees more clout. Workers have grown accustomed to remote work and more...
Office Market Update
Leasing activity remains sluggish as employers continued to delay return to work dates and contemplate the “new normal” and hybrid work scenarios. Many tenants are choosing short term lease renewals. Those companies that are comfortable making longer term commitments...