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Minneapolis Office Market Shows Signs of Recovery

Conditions Are Cautiously Optimistic Despite Lingering Headwinds

While leasing volume remains muted relative to pre-pandemic levels, other market indicators suggest improving conditions in Minneapolis' office sector. (iStock)
While leasing volume remains muted relative to pre-pandemic levels, other market indicators suggest improving conditions in Minneapolis' office sector. (iStock)

Office leasing activity in the Twin Cities reached its highest level since the first quarter of 2020 in the third quarter, although volume still only equated to roughly 75% of the 2017 to 2019 quarterly average.

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