Employment, hospitality, entertainment and mass transit usage were up last year in downtown Minneapolis. The commercial real estate market absorbed the equivalent of nearly four Target stores full of space, and vacancy rates started to decline.
Crime and homelessness also were down as business rebounded and the arts-and-entertainment industries surged. Those are the headlines from the Downtown Council’s annual meeting last week.
The state of Minnesota’s biggest commercial and entertainment hub is improving with the economy, said council CEO Sam Grabarski, who bases the council’s annual report on statistics and anecdotal findings provided by businesses and government agencies.
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