Maxfield Research is a Minnesota

Minnesota

Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...

 based real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 research company. Founded in 1983 by Lee Maxfield and business partner Gary Solomonson, Maxfield Research has grown into a small team-based company of research analysts

Financial analyst

A financial analyst, securities analyst, research analyst, equity analyst, or investment analyst is a person who performs financial analysis for external or internal clients as a core part of the job.-Job:...

, interns, and an office manager. The current President is Mary Bujold and Vice President is Jay Thompson. The company specializes in obtaining and interpreting real estate market information and conducts feasibility studies for potential land development. The headquarters are in Northeast, Minneapolis

Northeast, Minneapolis

Northeast is a defined community in the U.S. city of Minneapolis, Minnesota, composed of 13 smaller neighborhoods whose street addresses end in "NE". Unofficially it also includes the neighborhoods of the University community which have "NE" addresses, and the entirety of the Old Saint Anthony...

.

Maxfield serves both the private sector

Private sector

In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...

 and public sector

Public sector

The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...

. The majority of its clients include real estate developers, independent proprietors, and housing authorities

Public housing

Public housing is a form of housing tenure in which the property is owned by a government authority, which may be central or local. Social housing is an umbrella term referring to rental housing which may be owned and managed by the state, by non-profit organizations, or by a combination of the...

. Besides many types of housing studies, the company also conducts demand research for office, retail, food, industrial, and recreational.

In the Minneapolis-St. Paul metropolitan area, Maxfield is best known for evaluating condominium projects and senior housing. Due to regular publishing of real estate market reports, company researchers are frequently sourced and opined by local news.

Maxfield is an independent proprietary of the Griffin Companies.