Created: January 25, 2021 06:00 PM
An increasing amount of office space is going unused in both Minneapolis and St. Paul, according a new report.
Newmark, a global commercial real estate advisory firm, released data for the fourth quarter of 2020, showing office space in the Twin Cities market rising to 11.9% vacancy. That is an increase from 11.2% one year ago. It s a ghost town. I don t see anyone out and about anymore, said Cody Thompson, who lives in Minneapolis. It s bad. It s really bad, added Shayla Olasande, who worked at a sandwich shop in downtown Minneapolis until the pandemic forced it to close. We don t have our customers, our people who support our businesses aren t down here.