Laserfiche WebLink
<br /> Page 16 Nagell Appraisal Incorporated | 952.544.8966 <br />Regional Data – continued <br /> <br />COMMERCIAL REAL ESTATE - Vacancy Rates for Major Building Types <br /> <br /> <br />Apartment vacancy declined significantly from 2009 to 2014 and remained relatively stable in 2015 and <br />2016. New construction is taking place in good quality and built-up markets. Despite the increased <br />number of units, vacancy has remained at/near historic lows and rental rates are increasing slightly. <br /> <br /> <br /> <br /> <br />The retail market has recovered and is now showing signs of growth.