Twin Cities State of the Market 2019 | Bisnow Media | 26 September 2019 | Wells Fargo Center, 90 S 7th St, Minneapolis, MN 55402, USA
Venue
Wells Fargo Center
Wells Fargo Center, 90 S 7th St, Minneapolis, MN 55402, USA
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| Event Date |
Thu Sep 26 CDT (about 5 years ago)
In your timezone (EST): Thu Sep 26 8:30am - Thu Sep 26 11:30am |
| Location |
Wells Fargo Center
90 S 7th St, Minneapolis, MN 55402, USA |
| Region | Americas |
Details
A strong office market, booming multifamily, and another quarter of positive absorption for industrial. That could describe most major cities across the U.S. But, what differentiates the Twin Cities is its retail market. While dealing with big-box vacancies from tenants like Toys “R” Us like the rest of the country, the Twin Cities has still managed to positively absorb approximately 60,000 square feet in the first half of 2019.
Although the numbers show a booming commercial real estate market, the Twin Cities are dealing with the same issues that the rest of the country faces; rising construction costs and a shortage of skilled labor. Find out how developers are dealing this and more at our annual State of the Market event.
What You'll Learn:
• With about a third of Minnesota’s opportunity zones being located in metro areas, how do developers plan to take advantage of these new regulations?
• How has the opening of Allianz field helped to drive investment to the area after losing a few major retailers?
• According to reports from CBRE, the office market is primed for a strong 2019 as rental rates are 15.9% above the 10-year average. What is behind this surge?
• It’s a good time to be in multifamily game, with vacancies as low as 2.8%. With over 5,500 units delivered in 2018 is there a risk of over supply?
• What overarching development and design trends are making a major splash in the Twin Cities?
Speakers
2019 Speakers
MODERATOR:
Bill Griffith
Shareholder, Larkin Hoffman
SPEAKERS:
Anne Behrendt
President & CEO, Doran Companies
Jeremy Jacobs
Managing Director and Market Leader, Colliers
Erin Fitzgerald
Principal, Transwestern
Lance Wright
Managing Director, Head of Central Region Origination, ACORE Capital
William Katter
President & Chief Investment Officer, United Properties
Sponsors & Partners
2019 Sponsors
• Larkin Hoffman Attorneys
• CoStar
• NFC Amenity Management
• AISC
• Transwestern
• Acore Capital