Deal volume has slowed in 2016. The Minneapolis CBD registered a few sizable deals but in many areas tenants continue to consolidate multiple locations, contributing to the weaker demand.
The Minneapolis office market ended Q2 2016 with an availability rate of 15.2%. The rate decreased from the previous quarter’s rate of 15.6% but increased from the rate one year ago (15.7%).
The Minneapolis region’s talented labor pool remains a draw for many high-tech businesses. How will this effect companies that are already based in the Twin Cities?