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New Office Space Could Become a Rare Commodity in Minneapolis as Construction Slows to Near-Record Low

The Most In-Demand Type of Space in First-Generation Buildings Historically Scarce
By Brian Anderson
CoStar Analytics
June 25, 2024 | 8:16 P.M.

Minneapolis' office construction activity currently sits near an all-time low, driven by the rising cost of capital and uncertain future demand-side conditions. Furthermore, the composition of the projects remaining in the pipeline differs from a few short years ago.

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