The University of St. Thomas’ Opus School of Business surveys commercial real estate professionals twice per year according to this Star Tribune article. The tone from the article is that the commercial real estate professionals are feeling a little more optimistic about rents and occupancy for the Twin Cities commercial real estate marketplace.
Improvements in rents and occupancy rates mean businesses are expanding. It will also mean less pressure on many of the banks in town that have a lot of their business tied to commercial real estate loans.
If this sentiment turns out to be realized in the marketplace, this will be good news for the local economy as it also means employers are expanding locally in the Minneapolis-St. Paul area.
- May Commercial Real Estate Sales Top $15 Billion (coydavidson.wordpress.com)
- Relocating to Minneapolis and the Twin Cities Area – Where to Buy a Home (johnmurphyreports.com)