Intelligence

Regional Summaries

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Minneapolis, MN

Apartment
The 178,664 unit Minneapolis-St. Paul apartment market vacancy rate fell 20 basis points over the first quarter of 2019 to 4.0%, and it is up just 10 year-over-year despite a development boom. During the first quarter both the average asking rent and the average effective rent increased 0.4%, to $1,313 and $1,264 per month, respectively. The prior quarter had seen similar increases. VIEW APARTMENT LISTINGS >
Industrial
The 59.6-million-square-foot Minneapolis Flex/R&D market first quarter 2019 vacancy rate is 11.3%, down 20 basis points over the period and down 80 year-over-year. The average asking rent was up 0.5% over the quarter to $8.50 psf, with the average effective rent up 0.4% to $7.49 psf. The year-over-year gains are 1.9% and 2.3%, respectively. The 153.5-million-square-foot Minneapolis warehouse/distribution space market first quarter 2019 vacancy rate is up 10 basis points both over three months and over 12 months to 10.0%. Average rents were unchanged by both measures in the first quarter. Compared with a year earlier the average asking rent is up 1.8% to $6.26 psf and the average effective rent is up 1.3% to $5.49 psf. VIEW INDUSTRIAL LISTINGS >
Office
The 80.1-million-square-foot Minneapolis general purpose, multi-tenant office market first quarter 2019 vacancy rate was down 20 basis points over the quarter but unchanged year-over-year at 17.5%. Both the average asking rent and the average effective rent increased 0.5% during the first quarter, to $23.82 psf and $18.38 psf. The year-over-year gains are 1.9% and 2.0%, respectively. VIEW OFFICE LISTINGS >
Retail
The 34.3-million-square-foot Minneapolis community-neighborhood shopping center market got 9,000 square feet of new supply in the first quarter of 2019, but with 12,000 square feet of net absorption the vacancy rate was essentially unchanged at 10.8%. It is up 10 basis points from a year earlier. Rents increased 0.5% by both measures over the quarter. Compared with a year earlier the average asking rent is up 1.7% to $19.39 psf and the average effective rent is up 1.8% to $16.85 psf. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

CBC Blue Book

CBC Blue Book

The CBC organization is proud to present its’ 2018 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the CBC organization from all over the world.

Market Report: Retail Repurposing

Market Report: Retail Repurposing

Up to 80 percent of Americans do at least some shopping online. As Americans shift the way they shop, retailers that have not adapted to the changing environment are closing their doors, with the list of failing brand names growing each year.

Market Report: Student Housing

Market Report: Student Housing

Healthy demand and numerous shifts in student housing trends have transformed the property sector. Once overlooked by investors for fear of poorly maintained properties and high turnover, this asset class has become resilient, boasting handsome returns.

CBC Infographics

Shopping In-store vs. Online Shopping

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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