About The Compass Report

Compass is an award-winning research report that provides exclusive market research and insight on commercial real estate in the Twin Cities. This report provides an in-depth analysis of commercial real estate conditions in the Minneapolis-St. Paul metro area for the office, industrial retail, medical office, hotel, land, multifamily leasing and investment sales markets.

Published bi-annually, the report provides a market recap of the past six months, as well as an outlook for the coming six.


  • Executive Summary
  • Eight Property Type Reports
  • 11 Submarket Reports

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January 2020 REPORT

Twin Cities Commercial Real Estate Market Posts Best 12-Month Absorption Total Since 2015 

The Twin Cities multitenant commercial real estate industry continued to tighten in the second half of 2019, with vacancies continuing to shrink as the war for talent heated up even more. At the end of the fourth quarter of 2019, the vacancy rate across office, industrial and retail properties sat at 10.5%, down from 10.8% at mid-year.

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For more about the local market, download our updated Twin Cities Market Overview

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