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January 2026 City of Ramsey Land Review <br />Market Conditions: <br />1. Economic factors impacting new development-interest rates, equity requirement, <br />construction costs, labor availability. Interest rates are coming down which should help <br />new development in 2026 <br />2. Zero to limited traditional office demand <br />3. Medical office struggling from COVID policies, financial impact but starting to see <br />interest for new locations from existing practices/clinics <br />4.Sectors with demand <br />a. Retail-single tenant, drive thru requirements, service based <br />b. Medical Office-Small users <br />c. Apartments- Higher equity requirements/cap rates impacting financing and low <br />sale comps <br />d. Senior housing-Higher equity requirements/cap rates impacting financing low <br />sale comps <br />e. For Sale Housing-Higher mortgage rates impacting demand, down-payment <br />struggles <br />f. Industrial-Higher equity requirements/cap rates impacting financing <br />5. Hwy 10 improvements positive impact on traffic flow, time, safety. Project finished <br />should help attract new business <br />6. Increased traffic counts and population increasing interest. Retail attracts retail <br />7. Create flexible zoning districts <br />8. Drive thru in demand from QSR and fast-food operators <br />City of Ramsey-CBRE Closed Deals <br />1.MunicipalCenter NIK <br />2. Aeon <br />3. Centra Homes <br />4. Common Bond <br />5. Inland Development/Affinity <br />6.PSD, LLC <br />7.Coastal Living <br />8.Stone Brook Daycare <br />9.Purmort Homes <br />10. Muni Center-Meadow Creek <br />11. GiGi’s Salon and Spa <br />12. Java Properties – O’Reilly Auto Parts <br />13.Stories Foundation <br />14.Aldi <br />15.Ramsey Properties-Hilton Home 2Suites <br />