Interview: Ted Bickel and Jeff Budish, multifamily team, Colliers

As brokers on Colliers’ multifamily team, Ted Bickel and Jeff Budish have first-hand knowledge of who’s investing in the Twin Cities real estate market – and, most importantly, why. Investors view the Twin Cities metro region favorably compared to other metros of its size, thanks to the region’s stability, numerous transit-oriented developments, a general pro-development climate and more. However, this wasn’t enough to help office and retail real estate safely weather the pandemic’s impact, the Colliers team says. Senior Vice President of Capital Markets and Investment Services Ted Bickel and Jeff Budish, vice president at Colliers International’s Minneapolis-St. Paul office, belong to a team at Colliers focused on the multifamily market. It’s a market that hasn’t skipped a beat during the pandemic, despite struggling with high supply costs and uncertainty in the market’s future. They speak with reporter Kelly Busche.