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Office
Q2-2022 Minneapolis-St. Paul Office Market Update
Q2-2022 Office Market UpdateECONOMIC 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...
Industrial
Q2-2022 Minneapolis/St. Paul Industrial Market Update
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...