Overall, the positive trend in the Twin Cities office market is that companies are growing again. Businesses are expanding across the board, and the office sector has benefited from robust job growth.
According to Cushman & Wakefield/NorthMarq’s John McCarthy, the Twin Cities office market feels like it is “hitting on all pistons”. John says, “The lack of new development coupled with steady job growth is overshadowing corporate America’s desire to shrink their footprint and market fundamentals reflect this.”
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John McCarthy is an Executive Director with the Office Services Group.