Minneapolis commercial real estate

Minneapolis commercial real estate

The Avison Young Minneapolis office provides commercial real estate services to property owners and occupiers

Avison Young Minnesota offers a full suite of commercial real estate services to best meet the needs of our customers and clients. Centrally located in the Twin Cities, we readily serve the metropolitan area, and greater Minnesota and Wisconsin.

Our experienced team of commercial real estate advisors cover all major industry sectors including office, industrial, retail, multi-family, and hospitality. Our services include but not limited to, consulting, capital markets, leasing, property management, and project management.

Avison Young is grounded on a unique foundation of partnership. Our Principals are both the owners and leaders - the shareholders and team managers - of our business. This model allows us the freedom to configure and re-shape our team and expertise around your business demands, ensuring that your commercial real estate needs will always be met.

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Minneapolis commercial real estate services

Avison Young’s brokerage teams in Minnesota have consistently completed major leasing and sales transactions across all asset types. We’ve worked on the behalf of tenants, landlords, investors, vendors, and buyers alike, including many large national and international corporate clients.

Whether you are an owner, investor, occupier, or developer, our team delivers results aligned with your strategic business objectives, supporting real estate initiatives that add value and build a competitive advantage for your organization. Pair our commercial real estate experts’ critical market knowledge with the best technology in the industry, and you will gain solutions carefully tailored for you.

 

Find Minneapolis properties for sale or lease

Search Avison Young’s Minneapolis commercial real estate listings for sale and lease to find the right commercial property for you. Our investment and leasing opportunities include office, industrial, warehouse and retail properties. 

Minneapolis commercial real estate news

SEE MORE Minneapolis REAL ESTATE NEWS

MSP office market to see attendance boost? Office-using job postings show a promising trend.

In this data bite, we looked at the trailing 12-month job posting volumes for office using industries. This gives an interesting graphic that details office-using job posting dropped significantly throughout the pandemic, spiked in the initial recovery phase immediately following the pandemic, saw an overcorrection phase of plummeting office-using job postings volume as many employers embraced hybrid and remote work models, and is now experiencing a period of steady improvement, with multiple months of positive contributions and increasing YoY growth rates. This surge is driven largely by onsite job growth in MSP’s professional services sectors, including over 50% increases in the consulting, research, accounting and recruiting, and engineering, architecture, construction, and building materials sectors, compared to national growth of 25% and 10%, respectively.

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Line graph showing MSP office job postings from 2019–2025. Postings dropped in 2020, rose in 2021, dipped again in 2022, and have steadily increased since mid-2023—driven by strong growth in professional services.

Suburban superiority? MSP suburbs’ growth amidst new baseline

In this data bite, we took a closer look at MSP’s H1 leasing by urban and suburban submarkets from 2015 to 2025. From 2015 to 2019 (pre-COVID), H1 leasing volume averaged 2.99 msf, nearly 700 ksf more than the post-COVID average of 2.29 msf recorded between 2020 and 2024, which appears to be indicative of the market’s new baseline of average H1 leased space. In the first half of 2025, suburban submarkets accounted for 73.8% of leased space—the highest share recorded in any year of the survey. However, this disparity is not anticipated to continue growing, as urban submarkets should experience a boost in interest corresponding with large downtown employers, such as Target, US Bancorp, and Ameriprise Financial increasing RTO policies going into effect in the second half of the year.

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Chart of average annual leasing volume since 2015 comparing suburban to urban leasing. Urban leasing as a share of total volume has been steadily increasing since 2019

Minneapolis-St. Paul's industrial vacancy is even tighter than it may seem

Taking a closer look at the MSP industrial market’s total vacancy rates by build date.

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In this data bite, we took a closer look at the MSP industrial market’s total vacancy rates by build date from pre-1970 to present. Despite MSP’s low overall vacancy, nearly half (47.5%) of the market’s vacant space remains concentrated within a segment of newly built properties – showcasing a tighter market than it seems already. Vacancy in the market started to trend upward in 2022-23, largely due to a surge of new speculative product delivering, some of which is still in the initial lease-up phase. Growing users looking to relocate may find limited Class B/C options and instead, decide to look at brand new space, spurring another wave in the Flight to Quality.

Office busyness in MSP: is this new normal here to stay?

Office busyness in the U.S. and Minneapolis–St. Paul has steadily risen post-2020, now plateauing near pre-COVID levels—signaling a new baseline for workplace occupancy.

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graph of Avison Young's Office Busyness Index from April 2025 vs April 20219 with Minneapolis - St. Paul showing around 50% recovery in busyness compared to the U.S. overall, which sits at 64.7%

Minneapolis commercial real estate consultants

Minneapolis office

1601 Utica Ave

Suite 360

Minneapolis, MN 55416

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Tate Krosschell

Principal & Managing Director

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Our commercial real estate brokers and advisors leverage data-driven intelligence paired with deep Minneapolis knowledge. Connect with us to discuss how we can help you drive more value from your assets. 

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