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% Medical office, on campus properties are more desirable in terms of rents, vacancy and cap rates. Life insurance companies use $/SF as one of the valuation loan metrics for medical office.
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