Here is a recent article referring to the power and value of business signage. The article refers to a $200,000 million dollar sign however they likely meant $200,000. This is a great example of utilizing location of real estate for business branding purposes. When is an office building not entirely an office building? When it also serves as a marketing tool for a business. That’s what LV.Net, counted on when it purchased the building at 800 S. Valley View Boulevard.
The Twin Cities has an average office lease vacancy of 13.5%, the lowest levels in more than 10 years. Colliers International | Minneapolis-St. Paul compiled the Twin Cities Office Market Report for the second quarter of 2016. The report supports the prevailing thought that supply has continued to reduce while rental rates have seen a steady incline. Creative space continues to be a common theme as tenants seek spaces to attract and retain talent while also seeking organizational branding opportunities.
An established Twin Cities early childhood provider had been at full capacity for a number of years and new development in their area required them to relocate. Ownership decided a new location must include expansion necessary to meet the demands of children needing care in the market. We helped negotiate a new lease with significant tenant improvements on two floors of a multi-tenant building. The provider now has capacity for over 200 children at this location. Within months of opening it was clear the new location was exceeding parent expectations and enrollment goals.
A national wholesaler of craft products catering to St. Paul and Minneapolis retailers sought an office showroom near their downtown retail customers. We performed all aspects of the search from lease analysis and negotiation to site selection and vendor recommendations. The space was a complete remodel and required a design matching the organization's national identity.
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