Market Information

2006 NAIOP Annual Industrial Market Update
- Industrial market absorption & vacancy.
- Industrial quick facts.
The metropolitan area is a growing community with nearly 2.8 million people residing in the region.  Since 2000, the Twin Cities population has grown 4.9% for an additional 128,968 people (2000-2005).  The follow statistics highlight Minnesota and the Twin Cities metropolitan area from a national perspective.   ... (read more)

4nd Quarter 2007 Market Update
The Twin Cities industrial market slowed significantly during the last half of 2007, posting only 193,870 SF of positive net absorption during 4th Quarter. Despite this 4th Quarter slowdown, 2007 was a good year for the market with total annual absorption at 1,410,063 SF, up slightly over 2006. Vacancy across the metro sits at 7.6%.
On average, transactions are taking longer than expected to close, fueled in part by anxiety over the state’s economy. According to Toby Madden, Regional Economist for the Federal Reserve Bank of ... (read more)