In the first quarter of the year the Office of the Twin Cities market numbers in the last depression. Although there were signs of bleeding is slowing down in terms of more space go vacant office, commercial real estate brokers still see very little to smile about in 2010 dawned.
According to figures compiled by the Mayland C, a manager at St. Turley Cassidy in Minneapolis. Paul had offices, and the rate of “absorption” – the change in rented office space compared to the upcoming vacancies in the 1 / 4 – negative 198 754 square feet in the first three months of this year. While not as bad as nearly a quarter of 857 000 feet past the negative box, it still represents the sixth consecutive quarter of negative absorption in the metro area.
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