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Tom Palmquist | Colliers | Minneapolis - St. Paul

Tom Palmquist

Senior Vice President

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Professional Summary

As a Senior Vice President of Retail Brokerage at Colliers International | Minneapolis-St. Paul, I assess the needs and objectives of real estate owners, investors and retailers, securing solutions to maximize their real estate goals. I am active in Landlord and Tenant representation, Investment Sales, as well as Land assembly and disposition. My primary region of influence is the Twin Cities metro market, with expertise in outstate Minnesota and the surrounding upper Midwestern states.

Following a four-year stint in Department Store operation and sales management, I began my work in the real estate industry in 1987. Throughout my 33+ year tenure in real estate, I’ve led project teams through all aspects of the retail brokerage, asset management and property development process. This includes implementing effective marketing materials and process, site selection and acquisition, constraint analysis and due diligence, securing municipal use approvals and documentation, design and construction coordination, financial analysis and valuation, project budgeting, and lease or sale negotiation and contract administration. Notably, over the last six years I’ve been instrumental in leading the brokerage initiative for the Hy-Vee grocery store expansion into the Minneapolis-St. Paul market, to include the opening of twelve stores with multiple additional sites entitled and acquired, and additional sites to follow.

Diplomacy, attention to detail and a diverse skill set are key qualities that have fostered my success and enabled me to build lasting relationships with some of the biggest names in the commercial real estate industry. Additionally, I’ve established a reputation of solid integrity, and I strive to create solutions that generate the greatest success for all stakeholders.


Bachelor of Science in Business,
Carlson School of Management,

University of Minnesota
MBA, Carlson School of
Management, University of

Memberships & Involvements



Service Lines

Landlord Representation, Tenant Representation

Property Type


Featured Research

Mar 7, 2022

Q4 2021 Retail Market Report Minneapolis St Paul

2021 ended on a high note for retail product in the Minneapolis-St. Paul metro area with 646,000 square feet of positively absorbed space in the 4th quarter.
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Aug 7, 2018

2018 Q2 Retail Market Report

The first half of 2018 has been relatively stable in terms of net absorption in the Minneapolis-St. Paul multi-tenant retail market. The market total saw negative 6,800 square feet of absorption in the first two quarters combined, which sets the multi-tenant direct vacancy rate at 6.21%.
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