|
Global Economy Brings New
Challenges to Twin Cities Markets
"In today’s global economy, all
companies are under pressure to increase productivity and reduce
costs. While productivity has soared in recent years, the improved
efficiency has had a negative effect on overall space utilization.
Real estate has yet to feel the benefits of the improving economic
picture."
(full
article)
Boyd B. Stofer,
Chief Executive Officer.
|
|
 |
|
| |
Welcome
to the January 2004 edition of Outlook – the most
comprehensive real estate report on the Twin Cities with
in-depth analyses of the office, industrial, retail,
multi-family property and investment markets.
|
| |
| The
Market Story |
|
• |
Industrial
Showed 1 Million Sq. Ft. of Positive Absorption |
|
• |
Absorption
Moves Positive in Five Office
Submarkets, but Vacancy Continued to Climb |
|
• |
Retail
Market Constructs 2.2 Million Sq. Ft. of New Space |
|
• |
Buyer
Interest Strong for Grocery-Anchored
Centers |
|
|
|
