The outlook for office market is very mixed. Office employment (office using jobs) added 7,000 jobs in the past year. However, because companies are changing how they use space, vacancy in the office market actually increased to almost 18%. There are a few exceptions, but we expect this trend to continue.
Parking is becoming a problem for the Minneapolis Office Space market. Is this issue going to start reversing the trend of companies wanting to relocate downtown?
As spring arrives, the market for commercial real estate continues to do well. The downside is that we may be nearing the peak of the current cycle in both the office & industrial market.
Working under the umbrella of some of the CRE industry’s biggest names has some obvious benefits. However, there are also compelling reasons why boutique commercial real estate brokerage firms remain an excellent choice. Independent brokers have some distinct advantages over their large competitors. They can do business without the bureaucracy of a large organization or corresponding conflict of interest.
It really depends on whether or not you rather spend your time on your business or searching for space. There are many considerations when deciding if you are going to move, add another location, or just stay put. Why should consider using a Minneapolis Tenant Representation Broker?
We Make Buying, Selling, and Leasing Commercial Real Estate We Make Buying, Selling, and Leasing Commercial Real Estate
In the Minneapolis commercial real estate marketing, it really depends on whether or not you sign a gross lease or a net lease.
