The Twin Cities industrial market is strong, according to a recent Star Tribune report. Eight speculative projects totaling over 1.2 million SF are underway. Diving deeper, we see certain product types doing well, while others struggle. Class A, well located buildings continue to see good leasing activity – which is exactly the type of product under construction. Functionally challenged and/or poorly located buildings will continue to struggle. The cost of doing business is high to operate inefficiently.
For the detailed report, follow this link: http://www.startribune.com/business/274152161.html
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