by Ashley Reinke | Feb 1, 2023 | Office Market Insight, Market Insights
MARKET INSIGHT POST Q4-2022 Minneapolis-St. Paul Office Market Update Forte Principal, Jim Jetland, lends insight to the Twin Cities office market report recently released by MNCAR/REDI. The Twin Cities office market continues to be challenged due to a few...
by Ashley Reinke | Nov 9, 2022 | Office Market Insight
Q3-2022 Office Market Update The Twin Cities Office Market continued a trend of negative absorption in all classes of space through the 3rd quarter, 2022. While there was less negative absorption in Q3 compared to Q2, the trend is expected to continue as companies...
by Ashley Reinke | Jul 27, 2022 | Office Market Insight
Q2-2022 Office Market Update ECONOMIC OVERVIEW: According to the Bureau of Labor Statistics (BLS), the unemployment rate for the Mpls-St Paul metropolitan statistical area (MSA) decreased 210 basis points to 1.6% for May 2022 from 3.7% for May 2021. The unemployment...
by JulieA | Apr 28, 2022 | Office Market Insight
MARKET RECAP: All Properties: Total Inventory: 129,892,693 sf Total # of Buildings: 1,035 Absorption: (379,819) sf Vacancy: 15.4% Asking Rate: $25.74 (full service gross) New Construction: 1,071,160 sf Multi-tenant Properties: Total Inventory: 93,596,205 sf Total # of...
by Ashley Reinke | Jan 26, 2022 | Market Insights, Office Market Insight
Q4-2021 Minneapolis-St. Paul Office Market Report MARKET RECAP: All Properties: Total Inventory: 129,388,269 sf Total # of Buildings: 1,028 Absorption: 692,907 sf Vacancy: 15% Asking Rate: $25.34 (full service gross) New Construction: 1,280,278 sf Multi-tenant...
by Ashley Reinke | Dec 21, 2021 | Market Insights, Office Market Insight
Q3-2021 Office Market Report MARKET RECAP: All Properties: Total Inventory: 129,868,213 sf Total # of Buildings: 1,032 Absorption: 49,836 sf Vacancy: 14.5% Asking Rate: $25.29 (full service gross) Under Construction: 4,104,965 sf Multi-tenant Properties: Total...
