MNCAR 2012 Annual Market Report
MNCAR has come out with their annual market report and have highlighted a few of the asset classes in the report. Its a quick read and gives you a good idea of what is happening in the local market. Office Market Every office market experienced positive absorption except for the St. Paul central business district…
Downtown Employment Up 15% Over Last Year For Biggest Employers
From the BizJournal: The 15 largest employers in downtown Minneapolis have added thousands of employees to their payrolls over the last year. The Minneapolis Downtown Council says those companies employ 49,491 people, up 15 percent from a year earlier. flickr photo cred: gomattolson
According to NAR, Sales Volume Down In 4Q For Minnesota
No surprise here, but 4th quarter commercial real estate sales volume is down across the board – including Minnesota according the most recent survey by NAR. A few highlights from the report included space under 5,000 square feet accounted for over 70% of the demand. Financing, the economy and pricing gap between both buyer/seller continue…
The Same Tune
Articles like this from the StarTrib are nothing new. This tune has been the same for the past few years. Despite hopes that commercial real estate will break out of its protracted slump, local experts say 2012 will be much like last year. The consensus is that we’re in for a long, grind-it-out recovery with…
How Agents And Homeowners React To Declining Prices
Homeowners having to deal with the continuing loss of value. Agents continually frustrated by trying to figure out new ways to spin the bad news.
Life In Minneapolis Office Market?
Loopnet has asking/rent price market trends report for many major cities on their website. Click here for the link (you might have to be a member to views). Not sure where they pull all there data for the information, I’m just going to assume its from their listing input which doesn’t have all the data….
Minneapolis is less expensive, A LOT less expensive when stacked globally
At least Minneapolis is not paying the same prices on annual rent report as London West End of $182.94. Instead the average rental office for “Class A” property of office space for Minneapolis in the first quarter of 2010 comes in at $24.12. A difference of $158.82! The report comes from CBRE which details 180…
