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^^~ <br />UNITEO QUILDINGAN INDUSTRIAL.,-STRENGTH FOUNDATION <br />(PROPERTIES Strong Communities Need More Than <br />Retail and Residential <br />United Properties offers our perspec- <br />tive on the commercial real estate ac- <br />tivity inthe third quarter of 2007. This <br />market update is compiled with input <br />from the United Properties commer- <br />cialreal estate professionals, whose <br />client relationships and <br />complete market coverage in all <br />property sectors give them an <br />unparalleled understanding of the <br />Twin Cities' marketplace. <br />MORE ONLINE: Additional <br />information available at <br />http://outlook.u propert ies.com <br />CONTACT US: <br />United Properties <br />3500 American Blvd. W. <br />Suite 200 <br />Minneapolis, MN 5543 <br />(9521831-000 <br />tnrww.u properties.com <br />info@uproperties.com <br />The Twin Cities industrial market is on the verge of a comeback: Space is tightening, <br />rates are ticking upward, and select submarkets are seeing both speculative and build- <br />to-suit development. <br />This uptick in activity is spurring discussions regarding the benefits of a strong <br />industrial base not only for individual communities, but for the metropolitan area as a <br />whole. More commercial and industrial tax dollars, for example, pay for amenities like <br />parks and trails, which make communities better places to live. <br />The market recovery also is prompting conversations related to rising land costs, <br />limited industrial land in various communities, and restricted uses allowed in some <br />cities. Many industrial businesses, in some cases, are being pushed farther out from the <br />metro's core. This concerns industry experts, who emphasize the importance of a <br />strong foundation of industrial businesses in the community. <br />•4 .~ .. <br />,,, ~ _a ~ `-- _ , <br />__ ., _ t <br />.. tr~< _. <br />A healthy industrial market can create living-wage jobs, train the unemployed <br />or under-employed for positions with good wages and benefits, and help assure a <br />healthy, diverse tax base, says Tony DelDotto, senior associate -Industrial Brokerage at <br />United Properties. (continued on page 2) <br />G~pyriy ;t',' it i ?~rae r , &~he ay ,., .~.ce~ <br />OUTL00 K U date <br />p <br />MARKET ACTIVITY AND PERSPECTIVE FROM UNITED PROPERTIES <br />