Heading into the second half of 2016, The Twin Cities continues to be a target market for a deep field of investors, both institutional and private. It is still viewed very favorably but as less of a growth market than in previous years.
According to Scott Pollock of Cushman & Wakefield NorthMarq, “Based on current activity we are bullish about second half sales volumes for office and industrial and expect a strong finish to 2016.”
Looking ahead, interest rates are expected to remain stable with any increases likely to be minor and less impactful on values.
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Scott Pollock is an Executive Director in the Capital Markets Group.