Welcome to Cushman & Wakefield/NorthMarq's

Compass Report

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.

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Current Features

Commercial Real Estate Information from Cushman & Wakefield/NorthMarq

NorthMarq merged its real estate services business with Cushman & Wakefield’s Minnesota office on Sept. 30, 2011. We operate as Cushman & Wakefield/NorthMarq and provide global capabilities through our partnership with Cushman & Wakefield.

Our market research will continue to be presented under the Compass name for the near future. As we move to combine the expertise of both groups into a single cohesive report, we invite you to view our historical information that was published under the respective brands. Use this site to view the NorthMarq Real Estate Services research, or visit the Cushman & Wakefield Knowledge Center to review the C&W historical research.

Multi-Family and Bulk Industrial Top Buyers' Wish Lists for Twin Cities Commercial Real Estate Investment

Got bulk? That's what commercial real estate buyers are asking as they explore the Twin Cities market for investment opportunities. Sales of industrial properties reached a post-peak high, with 34 transactions of $5 million or more taking place in 2011. Investor interest in multi-family product is also on the rise. Some larger institutional owners are swapping their older product for newer buildings, including some of the planned new construction of high-rise, market-rate properties in the Minneapolis CBD.

January 2012

Larger Space Users Take Charge in Southwest, Twin Cities Office Market Lurches Toward Recovery

The Twin Cities office market ended 2011 on a positive note—literally. For the first time since 2007, the overall market posted positive absorption numbers: 484,000 square feet for the year. Vacancy fell for the first time since 2006. Larger space users were most active throughout the year, and much of their demand for space was focused on the class A market.

January 2012

Although Economic Recovery Lags, Twin Cities Retail Posts Moderate Growth, Chips Away at Vacancies

The Twin Cities retail real estate market remains relatively stable despite the economic roller-coaster and a higher-than-typical unemployment rate. The market experienced modest growth during the past six months, posting an 8.4% vacancy rate with 198,765 square feet of positive absorption. While the vacancy rate may seem high on paper, the Twin Cities remains a market in which retailers want to do business.

January 2012