Minneapolis not one of the thirty cities that get over half of the commercial real estate investment dollars
We knew this was coming. Thirty cities get over half of all the commercial real estate investment dollars in the global economy and Minneapolis is not one of them. Neither is St. Paul for that matter.
- London $43 billion
- Tokyo $32 billion
- New York $27 billion
- Hong Kong $18 billion
- Paris $18 billion
- Singapore $15 billion
- Washington D.C. $13 billion
- Seoul $12 billion
- Toronto $10 billion
- Shanghai $10 billion
- Los Angeles $10 billion
Although the list is expected to increase in cities to fifty by 2020. Again, Minneapolis will not be one of them. Although in the years to come, Minneapolis has a mature economy and will continue to be seen as a traditional market and get their share of commercial investment dollars. Look no further that the recent acquisitions of the area’s top-tier office towers and industrial properties, especially from continuing purchases from a REIT North of the border and another one on the East coast.
flickr photo cred: Francisco Diez
Jason Sandquist is in commercial real estate, serving the Minneapolis & St. Paul commercial real estate market, as well as surrounding areas . He works with landlords and owners with leasing assignments and disposition of properties, as well as start-ups and businesses helping them find space and create strategic real estate decisions. He also helps investors with disposition and acquisition of commercial investment properties.
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