The onset of COVID-19 turned industrial product into one of the hottest assets in commercial real estate as markets have seen low vacancy rates, increased rent growth, and a need for new product.

By mid-year, we saw that the current demand in the Twin Cities is leading to a likely record-breaking year for construction. With this surge, it’s no surprise that the e-commerce giant, Amazon, is also continuing to invest in the metro – their Lakeville fulfillment center opened this year.

Investment sales continue to be an attractive area for institutional and private equity buyers, and the Minneapolis-St. Paul area has broken through as the top market in the nation for med-tech startups. With over 750 health and life sciences companies, the pandemic has only accelerated that growth and signaled the continued strength of this industry.

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If you have any questions about industrial space in the Twin Cities market, please reach out to Rokos Advisors today. We are here for you and happy to help.