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.