According to an article in the Minneapolis Star Tribune on Monday February 18, 2008, the Minneapolis Warehouse District shows “few signs of slowing down, with the area continuing to be a magnet for advertising and creative-services businesses” despite the slowing economy and real estate markets.

“An influx of ad agencies, graphic arts businesses, photo studios and other creative-services providers has driven demad for Warehouse District office space the past couple of years, with the area’s vacancy rate now lower than that of the downtown market overall. At the end of last year, the vacancy rate for office buildings in the Warehouse District - older Class B and C properties - was 10.9 percent, according to figures compiled by Colliers. The vacancy rate for top-tier Class A space downtown was 14.6 percent.”

This article comes as good news for preservationists who are touting the positive benefits of reusing historic buildings.

For the full article, please visit www.startribune.com/business/15685472.html