Minneapolis - St. Paul industrial insight - Q2 2018

Year-over-year new leasing activity decreased slightly. There are lots of active users, just fewer places to go. This is further impacted by the first quarter’s slow rebound from winter weather and a snow season that was significantly longer than usual. Like in past quarters, consumer durables drove much of the largest new leases, including Illume at Arbor Lakes Business Park (277,000 s.f.) and Life Fitness at NorthstarDistribution Center (155,000 s.f.).

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