4/13/22

Twin Cities Office & Industrial Market Trends | 2022

As we finally turn a corner with COVID, activity in the office market is accelerating as companies seek high-quality space, and the industrial market continues to boom.

Flight-to-quality is the dominating trend in the office realm as executives seek the most attractive spaces with great amenities in order to entice employees back to the office. This is leaving Class B & C landlords scrambling to make improvements to their buildings in order to compete for tenants.

The industrial market continues to be strong, and it's not showing any signs of letting up. Rates continue to climb, and the need for space is sky-high. Developers are building new facilities before even securing tenants; however, it’s still anticipated that supply will not catch up with demand this year.

If you would like to discuss your options for securing office or industrial space in today’s market, reach out to a Rokos broker today. We are here for you and happy to help.

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