Commercial Real Estate Market Update Q4 2018
The industrial market as a whole finished the year strong with just over 1.9M SF of net absorption. The industrial vacancy rate typically stays at least 100 basis points below the national average thanks to solid absorption and a dearth of speculative construction, although developers are starting to regain confidence and several of the projects that are underway have significant availabilities. Activity in 2018 was strong, putting it among the best years of this cycle.
Why You Need a Tenant Rep
The Landlord Broker ALWAYS works for the Landlord
The goal of any landlord is to maximize the income that they make from renting their units. When you get to the negotiating table, you need someone who knows the Minnesota commercial real estate market inside and out looking after your interests. Otherwise, you can’t be certain that you’re receiving a fair deal.