Downtown Minneapolis, despite current headlines in real estate and news articles, remains a major driver of our economy and state. We need a thriving downtown economic engine. It spills out into every aspect of the economy and beyond. With many great speakers, here are my top distinctions from the Downtown Minneapolis Summit hosted by the…
Category: Commercial Real Estate Markets & Trends
Inflation, Interest Rates and Commercial Real Estate
With rising inflation and multiple interest rate increases in 2022, both are hot topics impacting the commercial real estate industry. We share our latest findings which help ensure we continue providing credible appraisals and valuations. Inflation and Interest Rates Inflation is running at more than a 40-year high with the July 2022 Consumer Price Index…
2021 Twin Cities Apartment Market Trends
I think we can all agree that 2021 was another year of great challenge and historic change. With that, also comes great opportunity. As we move into a new year, it’s natural to question what’s in store for the commercial real estate market in 2022. In this article, we will share the Twin Cities apartment…
DOLLAR STORES MARKET TRENDS
Anyone who knows an appraiser recognizes the dynamics of being ‘data rich’ and ‘data wise’. Collecting and compiling ‘true comparable’ data allows us to dive deeper and to identify market trends to a greater degree. This month, we share insights, Simonson Appraisals authored charts, and graphs specific to the current Dollar Store net lease market. We…
2020 Banking and Construction Lending Trends for Minnesota
On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. At Simonson Appraisals,…
“No News is Good News” – It’s What We Strive For
“No news is good news” is more than just a saying. It’s the outcome we strive for following the appraisal process. As an appraiser, it means we nailed that sweet spot and produced an accurate appraisal. The sweet spot is not a predetermined number or target, but rather a number that is within a comfortable…
COVID-19 Changed the Commercial Real Estate Appraisal World – Here’s How To Respond
I don’t need to tell you how much the world can change in 45 days. The speed at which the world as we know it is changing is astonishing. One thing that isn’t changing is our enthusiasm to deliver credible analysis for our clients while simultaneously providing guidance to our colleagues. Every day, our team…
Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends
I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. This year had a slight twist as I was invited to speak on the multi-family panel. Topics centered on valuation trends for the retail, industrial, office and multi-family property…
Mid-Year 2019 Minneapolis/St. Paul CRE Markets
Like the mighty Mississippi River that flows through the north edge of downtown Minneapolis, the Minneapolis/St. Paul commercial real estate market continues to move forward at a healthy pace with a few areas worth paying attention to. Here are the best insights I gathered from the panel of speakers at the June 14, 2019 Commercial…
Minneapolis/St. Paul – 2018 Commercial Real Estate Valuation Trends
I attended the 2018 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 19, 2018. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. This article looks back on some trends from 2017 and expectations in 2018. My Top…