The Minneapolis market continues to witness consolidation and space densification among law firms and professional/business services. Growth and expansion among tech companies is only partially offsetting the drive for space efficiency.
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?