The following analysis is market information about greater Minnesota apartment trends based on observations compiled by Mitchell Simonson, MAI. Greater Minnesota – 2018 Apartment Trends Over the past 12 months, I have appraised numerous greater Minnesota apartments ranging in size from about 20 to 150 units. The geographic region has spanned the “banana belt” surrounding…
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…
Mid-Year 2017 Minneapolis/St. Paul CRE Trends
Here are the best insights I gathered from the panel of speakers at the June 15, 2017 Commercial Real Estate Forecast Summit, put together by Jeff Johnson and the MN Real Estate Journal. They put together some excellent continuing education events. This half-day seminar focused on current real estate trends for retail, industrial, office and…
2017 Outstate MN Apartment Trends
Over the past 12 months, I have appraised numerous outstate Minnesota apartments ranging in size from about 20 to 150 units. The geographic region has spanned the “banana belt” surrounding the Minneapolis/St. Paul metropolitan area. The primary cities forming the “banana belt” include Rochester, Mankato, St. Cloud and Duluth. This allows us to complete in-depth…
Minneapolis/St. Paul – 2017 Commercial Real Estate Trends and Expectations
I attended the 2017 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 20, 2017. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. This article looks back on some key highlights from 2016 and expectations in 2017. My…
SBA Lending and Appraisal Insights
I recently taught a workshop titled Navigating the Appraisal Process at the 4th Annual SBA Lender Conference in Minnesota. Continuing the theme from last month, this article highlights some key terms and thoughts about going concern value and specific U.S. Small Business Administration business and real estate appraisal requirements. I presented some ideas to help lenders, banks reviewers…
Helping Lenders Navigate the Commercial Real Estate Appraisal Process
In September 2016, I participated in the 4th Annual SBA Lenders Conference at Marriott Minneapolis Northwest, Brooklyn Park, Minnesota. I was a speaker at the SBA Lenders Conference and my presentation was titled “Navigating the Appraisal Process” on September 8, 2016. Having worked with several different lending institutions completing appraisals for SBA financing, I presented some ideas…
Outstate Minnesota Retail Market Trends
It’s hard to believe the end of summer is quickly approaching. We’ve been having a great time this summer working on some fun projects with excellent clients. However, as the saying goes, “all work and no play make Jack or Jill a dull boy or girl!” We’ve also been able to slip away and enjoy…
4 Things to Know – Evolution of Minneapolis Office Market
I attended the June 14, 2016 NAIOP MN breakfast event. The topic was “The Evolution in Minneapolis Office Investment and Leasing.” The main discussion points included real estate taxes, parking trends, Wired Score, a new technology rating system and amenities cluster. Click the link below for a quick video summary of of the latest evolving…
Four Ways Appraisers Can Help Their Client
I believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. My core passion is transparency and helping our clients make sound investment decisions and solve real estate problems to achieve their financial and business goals. There are a few ways appraisers…