MARKET INSIGHT POST
Q2-2023 Minneapolis-St. Paul Industrial Market Update
![Q2-2023 Industrial Market Report Image Q2 Market Update](https://forterep.com/wp-content/uploads/2021/08/AdobeStock_219180298-Warehouse-3-scaled.jpg)
Q2-2023 Minneapolis-St. Paul Industrial Market Update
MARKET RECAP:
ECONOMIC OVERVIEW:
MPLS-ST. PAUL AREA EMPLOYMENT STATS:
![Q2 23 Industrial Market Report-Employment Q1-2023 Industrial Employment Stats](https://forterep.com/wp-content/uploads/2023/07/Q2-23-Industrial-Market-Report-Employment.png)
MARKET OVERVIEW:
MARKET HIGHLIGHTS:
MARKET STATISTICS BY PROPERTY TYPE
Multi and Single Tenant:
![Q2 2023-Market Stats by Property Type (Multi and Single Tenant) Q1-2023 Market Statistics by Property Type (Multi & Single Tenant) Table](https://forterep.com/wp-content/uploads/2023/08/Q2-2023-Market-Stats-by-Property-Type-Multi-and-Single-Tenant.png)
![Absorption and Vacancy Rate Graph Q1-2023 Market Statistics by Property Type (Multi & Single Tenant) Graph](https://forterep.com/wp-content/uploads/2023/08/Absorption-and-Vacancy-Rate-Graph.png)
VACANCY RATES BY MARKET
Multi and Single Tenant:
![Vacancy Rates By Sector Q1-2023 Vacancy Rates by Market (Multi & Single Tenant) Table](https://forterep.com/wp-content/uploads/2023/08/Vacancy-Rates-By-Sector.png)
![Vacancy Rates by Market-Graph Q1-2023 Vacancy Rates by Market (Multi & Single Tenant) Graph](https://forterep.com/wp-content/uploads/2023/08/Vacancy-Rates-by-Market-Graph.png)
LEASE RATES BY MARKET
Multi and Single Tenant NNN:
![Q2 Lease by Market Q1-2023 Lease Rates by Market (Multi & Single Tenant NNN) Table](https://forterep.com/wp-content/uploads/2023/08/Q2-Lease-by-Market.png)
![Lease Rates By Market Chart Q1-2023 Lease Rates by Market (Multi & Single Tenant NNN) Graph](https://forterep.com/wp-content/uploads/2023/08/Lease-Rates-By-Market-Chart.png)
MARKET STATISTICS BY PROPERTY TYPE
Multi Tenant:
![Market Stats by Property Type (Multi-tenant) Chart Q1-2023 Market Stats by Property Type (Multi Tenant) Table](https://forterep.com/wp-content/uploads/2023/08/Market-Stats-by-Property-Type-Multi-tenant-Chart.png)
![Market Stats by Property Type (Multi-tenant) Graph Q1-2023 Market Stats by Property Type (Multi Tenant) Graph](https://forterep.com/wp-content/uploads/2023/08/Market-Stats-by-Property-Type-Multi-tenant-Graph.png)
NEW DEVELOPMENTS BY MARKET:
![New Development Under Construction Q1-2023 New Developments by Market - Under Construction](https://forterep.com/wp-content/uploads/2023/08/New-Development-Under-Construction.png)
YEAR-TO-DATE DELIVERIES BY MARKET:
![YTD Deliveries By Market Q1-2023 YTD Deliveries by Market](https://forterep.com/wp-content/uploads/2023/08/YTD-Deliveries-By-Market.png)
Market Insight
Industrial Market Experts
![Phil Simonet](https://forterep.com/wp-content/uploads/2021/07/Website-Phil-Simonet-forte_by_lucas_botz_photography_LB6_9804_72dpi.jpg)
![John Young, CCIM](https://forterep.com/wp-content/uploads/2021/07/Website-John-Young-forte_background_no_crop_by_lucas_botz_photography_LB6_0068_72dpi.jpg)
![Dan Lofgren](https://forterep.com/wp-content/uploads/2021/07/Dan-Lofgren-forte_by_lucas_botz_photography_LB6_9831_72dpi.jpg)
![Joe Jetland](https://forterep.com/wp-content/uploads/2022/06/LZ9_8856-1-scaled.jpg)
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