by Ashley Reinke | Nov 9, 2022 | Office Market Insight, Jim Jetland
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 | Aug 1, 2022 | News, Jim Jetland
HYBRID IS THE NEW NORMAL IN THE OFFICE ENVIRONMENT Significant Change The office market in the Twin Cities and across the United States has experienced significant change since the beginning of the pandemic. Understanding what has changed and how that may impact your...
by Ashley Reinke | Jul 27, 2022 | Industrial Market Insight, Jim Jetland, Phil Simonet
Q2-2022 Industrial Market Update MARKET RECAP: All Properties: Total Inventory: 269,000,289 sf Total # of Buildings: 3,090 Absorption: 1,391,072 sf Vacancy: 3.5% Asking Rate Low: $6.94 NNN Asking Rate High: $10.47 NNN Under Construction: 7,156,531 sf Multi-Tenant...
by Ashley Reinke | Jul 27, 2022 | Office Market Insight, Jim Jetland
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...
