Momentum Continues in All Sectors
The Twin Cities commercial real estate markets are continuing to experience positive momentum.

• Office Market: Vacancy has declined 2% to the lowest level in five years.
• Industrial Market: Absorption of 3.8 million square feet is the highest since 1999.
• Retail Market: Another 3 million square feet of new construction is projected for 2006.
• Investment/Capital Markets: The Twin Cities market benefits from stronginvestor and capital markets activity.
• Medical Office Market: Growth of physician ownership is driving the off-campus market.

_________________________________________ Is There a New Paradigm for Real Estate Investment? Commercial real estate pricing has soared in recent years, leaving some to refer to a “paradigm shift” in real estate asset valuation. Investors have plowed capital into the market in unprecedented fashion, resulting in the hottest property sale market in history. Many observers believe we are far from satisfying the seemingly insatiable demand for income-producing property and that a complete market change is at hand. Read more   Boyd Stofer President/Chief Executive Officer