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Twin Cities medical office market tightens to eight-year low

Outpatient migration, aging demographics and a vanishing construction pipeline fuel continued strength
CoStar Analytics
November 26, 2025 | 6:29 P.M.

While the broader office sector continues to struggle with record-high vacancies and falling values, medical office space across the Twin Cities is quietly experiencing its strongest run in nearly a decade.

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News | Twin Cities medical office market tightens to eight-year low