Welcome to the

NorthMarq Compass

This report provides an in-depth analysis of commercial real estate conditions in the Minneapolis-St. Paul metro area for the office, industrial, retail, medical office, multi-family leasing and investment sale markets.

To access detailed market research, including additional charts and graphs for each submarket, please create a free personal account to manage your subscription.

The Executive Summary is available without a subscription.

(If you've already created a Compass account, use your email address and password to sign in.)

Username:

Password:

Remember my username

New Account Sign Up

Forgot your password?

July 2010 Edition

Twin Cities Office Market Finding Itself on Steadier Ground Even as Vacancy Approaches 20%

Economic recovery, tempered as it may be, has at least slowed the tidal wave of negative absorption that swamped the Twin Cities office market over the past two and a half years. The first half of 2010 saw just 209,000 sq. ft. of negative absorption, a promising sign in comparison to the 1.8 million square feet of negative absorption recorded in all of 2009.

July 2010

With a Deluge of Excess Space and Weak Demand, Landlords Work to Stabilize Assets Until Retail Market Improves

In the first half of 2010, the Twin Cities retail vacancy rate continued rising to record-high levels, space absorption turned negative, and rental rates were cut drastically. Many retail landlords are still feeling the sting of the recession, but there are signs that the market is stabilizing.

July 2010

Homebuilders' Activity Sparking Uptick in Residential Land Sales

For the first time since the U.S. housing market collapsed in 2007, residential land is starting to trade with some degree of velocity in the Twin Cities again. It’s a trend that slowly gathered momentum in the last few months of the first half, as national homebuilders moved back into action.

July 2010