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Demand Posting positive demand for the 23rd consecutive quarter in the fourth quarter of 2015, absorption in the national industrial market totaled nearly 220 million square feet during the year, with the pace of absorption increasing across most major markets. Several trends and factors are supporting strong demand in the industrial sector. Most notably, e-commerce […]
Demand Bolstered by a relatively modest rate of new construction activity, increasing personal income levels, and lower fuel prices, demand in the national retail market outpaced new supply in all four quarters of 2015, as positive absorption across all property subtypes facilitated improving market fundamentals. Demand for available retail space in the neighborhood/community segment was […]
According to the latest Beige Book, seven of twelve Federal Reserve Districts, including the Minneapolis District, reported increasing economic activity. Economic activity in four of the remaining five districts was noted as mixed or flat, with economic activity declining in the Kansas City district, due to weakness in the energy and manufacturing sectors. Construction, business […]
Demand While continuing to face headwinds, encouraging demand was observed in the national office market in 2015, facilitating an increase in absorption at the national level compared to the year prior. Supporting demand, payroll figures among the traditional office-using employment sectors increased by nearly 3.0% year-over-year in 2015 on the net addition of nearly 1.5 […]
Demand Supported by broad-based employment growth as well as favorable demographic and secular trends, healthy absorption figures supported tight market fundamentals in the national apartment market through 2015 in spite of a wider new construction pipeline. Non-farm employment at the national level increased by 2.0% year-over-year at the close of 2015 on the net addition […]
A provision in the federal Consolidated Appropriations Act of 2016, HR2029, which was signed into law in late December, makes the tax incentive for conservation easement donations permanent. The incentive will be applied retroactively to take effect Jan.1, 2015. Making the tax incentive permanent has been a priority for conservation interests for a decade, and […]
Economic and Real Estate Market Snapshot Article Highlights: • National economic activity on the upswing • Homebuilding, business investment and consumer spending drive economic growth • Housing Market Index increased to highest level since October 2005 • Non-farm employment increased by approximately 513,000 jobs • Unemployment is under 5% in 49 of the 82 largest […]
Shenehon Company’s latest issue of Valuation Viewpoint is now available to view online. Articles in this issue include: • Shenehon’s Joshua Johnson offers insights on business valuation matters • Waterfront residential market market toward full recovery • Are there any prevalent trends in discounts? It depends. • Real estate transaction: Northland Plaza in Bloomington, Minnesota […]
By: Katherine A. Ostlund The residential market has seen vast improvements in the past two years with values approaching levels experienced prior to the economic downturn. Specifically, the market for waterfront residential properties has appreciated steadily with continued improvement expected. Waterfront properties in the Twin Cities market are highly sought-after and command strong sale prices […]
Owners and managers of commercial buildings in Minnesota* who register for the Minnesota Energy Star Challenge may receive free or reduced-cost: • Education and assistance related to energy benchmarking • Building audit, conducted by Energy Smart, with suggestions to help a building achieve an Energy Star rating *Buildings in the City of Minneapolis are not […]