MANKATO — One of the top commercial real estate firms in the Greater Mankato region is getting new leadership, including the interim return of its founder.
Pandemic takes toll on southern Minn. office market
Pandemic takes toll on southern Minn. office market By Marissa Voss | February 18, 2021 at 5:57 PM CST - Updated February 18 at 7:10 PM
MANKATO, Minn. (KEYC) With so many people working from home, the offices they used to inhabit sit empty.
In 2021, renters dropped 11.7%, according to Real Estate Information Services.
With the decline in rent, the supply for single-use office spaces and drive-thrus have skyrocketed.
Demand for small to mid-size industrial space is predicted to spike as well.
Local real estate experts say more investors are coming into the marketplace, which could potentially be another bonus for this region.