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Commercial Real Estate Market Continues to Rebound Through Second-Half 2004
The Twin Cities industrial and office commercial real estate markets continued to gradually rebound during the second half of 2004, resulting in the strongest demand and the first signs of vacancy declines since 2000.
- Demand, activity up for suburban office space
- Industrial absorption poised to double in 2005
- Mervyn's closings affect retail vacancy
- Property sale prices strong; increase due to more supply of investor capital
- Medical offices, hospitals redefine into specialty centers
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Land Constraints Push Commercial Real Estate Developers in New Directions
The Twin Cities commercial real estate development community faces a variety of major challenges in coming years, not the least of which is the increasing scarcity of vacant land available for commercial development within the core metropolitan area. Read more
Boyd B. Stofer,
Chief Executive Officer
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