Demand also cooled from big space users like Seagate Systems, Johnson-Matthews and Cypress Semiconductor, all with substantial operations in the Twin Cities.
For the abundance of smaller companies that serve these larger tech companies, times were equally tough and many found themselves over-committed for space.
Coupled with an increase in business failures, including several mid-sized to large local companies, this contributed to a substantial increase in subleasespace--up more than 50% since January.
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