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Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

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.

Regional Summaries

Select a state to view available market snapshots

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. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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