Minneapolis Office MarketView Q1 2019
•Three projects totaling 448,015 sq. ft. are expected to complete in 2019, the highest sq. ft. total of new construction since 2009.
•Other (like non-profits, government, retail franchisers) and technology-related tenant industries accounted for 21% of overall leasing activity by sq. ft.
•Investment sale volume was most prolific in the Minneapolis CBD, but suburban submarkets also saw significant activity.
•Vacancy slightly rose at the beginning of the year.