• Asking rents in the Minnneapolis market continued to rise, to $15.59 per sq. ft., a 4.5% year-over-year increase from 2018

  • Q4 2019 net absorption was 193,694 sq. ft., despite overall vacancy increasing to 18.5%

  • Technology and Business Services continued to drive the market, accounting for 58% of all leasing in Q4 2019

  • The office investment sales market finished 2019 strong, including the $514 per sq. ft. sale of the Xcel Energy headquarters