Survey: Twin Cities commercial real estate market declines - Bring Me The News

Survey: Twin Cities commercial real estate market declines

The University of St. Thomas surveyed industry leaders about their expectations for vacancy rates, rents, and other conditions. Compared to six months ago, the responses were downgraded from “slightly optimistic” to neutral.
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The University of St. Thomas surveyed industry leaders about their expectations for vacancy rates, rents, and other conditions. Compared to six months ago, the responses were downgraded from “slightly optimistic” to neutral.

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Metro rental market booming

Even though hundreds of new apartments have opened in the Twin Cities, places to rent are still getting more expensive and harder to find. Throughout the region, the average vacancy rate was 2.7 percent, and continues to tick downward. Rents are increasing.