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After a year of working at JLL, Ted Gonsior, Zac Hoang and Jeremy Grittner continue to be excited about their decision to join the Minneapolis JLL office and establish its Retail Brokerage Services department.
The mood is mixed as more potential buyers head into stores than last year. But a leading survey showed holiday spending won't change much.
Despite a year of increasing office vacancy rates due to remote work, real estate experts are optimistic about growth in this market — and in others that were able to weather the pandemic. The real estate outlook is improving, with new leasing activity on the rise, potential tenants demanding spec suites and people continuing to purchase new homes. Experts discussed current real estate market conditions and outlook during a virtual panel held by the Minnesota Dakotas Chapter CCIM on Tuesday. The vacancy rate in the Twin Cities office market was 21.5% last quarter — a figure that’s widel...