Market Information

2008 NAIOP Annual Industrial Market Update
Minneapolis and St. Paul, which are known as the Twin Cities, and the surrounding suburban area represent Minnesota's largest metropolitan area and make up the 15th largest consolidated metropolitan statistical area (CMSA) in the United States. Minnesota is the northern most state in the contiguous United States and is bordered by Canada to the north, Wisconsin to the east, Iowa to the south, and North and South Dakota to the west. The following statistics highlight Minnesota and the Twin Cities metropolitan area from a national perspective.   ... (read more)

1st Quarter 2009 Industrial Report
The Twin Cities industrial market ended the 1st Quarter 2009 with positive net absorption of 47,671 square feet, a significant increase from last quarter’s negative net absorption of -485,272 square feet. The vacancy rate has risen to 9.18%, a slight increase from last quarter’s 9.11%. Rents remain the same at $8.59 per square foot for office, and $4.60 per square foot for warehouse space. ... (read more)