Minneapolis Industrial MarketView Q1 2019
•Net absorption totaled 1 million sq. ft. in Q1 2019, 31.6% of the total absorption of 2018.
•Four projects totaling 424,218 sq. ft. completed Q1 2019 with 2.1 million sq. ft. currently under construction.
•Direct vacancy slightly declined to 4.3% and asking rates slightly ticked up to $6.16 per sq. ft. NNN.