Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends
Simonson Real Estate
JANUARY 23, 2020
Lowest volume since 2013. Xcel Energy building constructed in 2016 totaling 222,000 square feet sold for close to $500/SF with a mid-5.5% 2020 – 2021: 12,000 units under construction. o High 5.00% frequently seen with rising construction costs and Inclusionary Zoning. • Rising construction costs. •
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