by Ashley Reinke | Jan 17, 2023 | News, John Young, Phil Simonet
Forte completes sale of 33,470 sq. ft. NE Minneapolis Industrial building for $4.5M By: Phil Simonet, Principal Forte Real Estate Partner’s Phil Simonet, John Young, CCIM, and Joseph Schultz completed the sale of 2301 Traffic Street NE, a 33,470 sq....
by Ashley Reinke | Nov 15, 2022 | News, Phil Simonet
Macro-Economic Trends Reshape Supply Chain, Positively Impacting Industrial Real Estate By: Phil Simonet, Principal While some sectors of commercial real estate are challenged following the pandemic and an anticipated recession, industrial real estate has been...
by Ashley Reinke | Nov 9, 2022 | Industrial Market Insight, Phil Simonet
Q3-2022 Industrial Market Update The Twin City area industrial leasing market continues its spectacular performance with total quarterly net absorption of 2,189,981 SF and Year to Date total net absorption of 4,856,996 SF. Current market activity remains robust with...
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 | Jan 13, 2022 | News, Phil Simonet
Five Factors that are Driving Net Rents in the Industrial Real Estate Market Industrial real estate occupiers have either directly experienced the seemingly rapid increase of net rates, or have heard stories about strong net rate increases on renewals, new...
