The Twin Cities industrial market has finally reached the end of a two-year wave of record completions. From mid-2022 through the second quarter of 2024, developers completed over 17.5 million square feet of industrial projects across the metropolitan area, a tally that exceeds the cumulative inventory expansion in the 14 years leading up to the pandemic.
Sharply declining industrial supply keeps vacancy rate in Minneapolis among lowest nationally
A record wave of development begins to recede while demand remains resilient
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In