STATE OF THE MSP MARKET & 2019 OUTLOOK
Strong 2018 leads to even stronger 2019
Looking back at 2018, it was a great year for commercial real estate in Minneapolis-St. Paul. There were some major capital market sales in all product types across the metro with pricing and competition remaining as fierce as ever. This Investment Services Report, published annually by the Colliers International | Minneapolis-St. Paul office, is designed to track notable transactions and provide thoughtful reflection on the the previous year, while also looking to the future of our industry into 2019.
We are looking to this new year with optimism knowing that over the past decade the Twin Cities have become a true “18-Hour City,” with services, amenities and job opportunities similar to those in the largest markets. In addition, Minneapolis-St. Paul continues to attract top talent for our diverse industry base and consistently ranks highly as a prime location to live, work and play.
We believe Minneapolis-St. Paul will continue to see momentum in our marketplace for the coming year, notwithstanding some challenges, but with overall fundamentals that are very strong and local and national demand for all investment product types remaining steady.