The Twin Cities commercial real estate markets are continuing to experience positive momentum. 8 million square feet is the highest since 1999. 3 million square feet of new construction is projected for 2006. Twin Cities market benefits from stronginvestor and capital markets activity. Growth of physician ownership is driving the off-campus market.

Strong demand fuels third year of substantial positive absorption. Strong absorption, lowest vacancy in six years could drive rate increases. Another record-setting year of construction, absorption. Unprecedented amount of new construction continues. Demand remains high, but market appears to have reached equilibrium. Industrial Demand Is Overtaking the Supply of Available Space.

Flat overall vacancy product of mixed results in submarkets. Market pauses to absorb nearly 500,000 sq. Sharp drop in absorption indicates a pause as users watch economic factors. Demand for industrial land heats up as residential demand plummets. Increased vacancy, lower-than-expected absorption reflect struggling small shop space and declining consumer spending.

The Twin Cities has the apparent paradox of a vibrant investor market in which property values of well-leased investment property are actually holding up surprisingly well, in the face of troubling market vacancies. Preliminary results for Year-end 2003. Twin Cities Industrial Real Estate Market Begins to Rebound During Second Half of 2003. Our research from July 03. The first half of 2003 sh.

Real Estate Sees Significant Positive Momentum in the First Half of 2005. From the strong absorption in industrial, record construction in retail and improving occupancy in office, the Twin Cities commercial markets are all experiencing promising gains. Gaining momentum for break-out year. Uses redevelopment, re-use to fuel growth. Fueled by improving space markets. Maple Grove hospital decision impacts medical office. Will Rental Rates Spike? 3500 American Boulevard West, Minneapolis, MN 55431.