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Office space rush slows down

Mar 6, 2017 - Star Tribune (Minneapolis, Minnesota)

By the numbers, the Twin Cities office leasing market appears headed into a slump.

Vacancy rates are going up in office towers for the first time since the economic recovery started. Absorption, or the rate at which rentable office space is leased, is predicted to remain relatively flat.

But at the same time, tenants have started to sign longer leases. And rising rental rates have led some building owners to revamp their spaces as they compete for tenants. To several local real estat

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