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Category Archives: Multi-Family
Overall, market fundamentals remained healthy. Investor activity has increased significantly in the first half of the year. With 3,100 units delivered in 2015 and an estimated 3,900 units to be completed this year, at what point will supply outpace demand? The pipeline has … Continue reading
Cushman & Wakefield/NorthMarq releases the July 2016 edition of The Compass Report. Download the Executive Summary and get all of the details surrounding the Twin Cities commercial real estate market on the Compass website. According to Mike Ohmes, Executive Vice President … Continue reading
The Twin Cities has enjoyed more than four years of sub-3% vacancy. That is a testament to the strong demand in the market, which is all the more notable given the influx of new supply. Cushman & Wakefield’s Robert Dulin shares his thoughts … Continue reading
The multi-family sector in the Twin Cities market continues to be strong. The market delivered 1,500 units so far this year, and another 5,000 are expected to open by year end. The vacancy rate edged up slightly from 2.5% in … Continue reading
Vacancy rate dropped to 2.5% New product is leasing up quickly at better rents than expected More than 2,500 units absorbed in 2013 and more than 5,600 new units expected in 2014 Job growth will drive demand for new units … Continue reading