The overall vacancy rate for warehouse space in the metro ended 2024 at 4.6%, two percentage points below the national average and a fraction of the double-digit vacancies plaguing office buildings, according to Colliers.
Despite the deep discounts, there’s optimism in the office market, at least for those involved in the highest-quality spaces in the most desirable locations.
The Minnesota Attorney General’s Office recently issued a warning about an uptick in complaints from homeowners, saying mortgage-assistance frauds usually contact vulnerable owners with unsolicited mailings and ask for up-front payments.
Amid a drop-off in multifamily construction, a pair of Twin Cities developers will seek final city approval this month to build 15 upscale condos in the Linden Hills neighborhood.