Transit-adjacent development by the numbers

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JLL Minneapolis – St. Paul Snapshots:
Transit-adjacent development by the numbers

Metro-area transit

• As the METRO transit Southwest Light Rail (SWLRT) project nears its construction start date in Fall 2017, we are watching the Southwest suburbs and how transit-oriented development will shape its economy.
• Residential investment has been the story so far along the Blue and Green Lines,… Read More

Infill sites are attracting an unprecedented share of industrial investment

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JLL Minneapolis – St. Paul Snapshots:
Infill sites are attracting an unprecedented share of industrial investment

Infill sites in the Minneapolis - St. Paul area

•With the Minneapolis-St. Paul unemployment rate of 4.2%, one of the lowest in the nation, firms are reconsidering their real estate strategy in order to capture more talent. Despite the higher costs of infill development, new… Read More

Minneapolis Industrial Insight | Q1 2017

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MplsIndustrialResearchHeader

Minneapolis – St. Paul Industrial Insight | Q1 2017MplsStatsButtonGray
Tenants are upgrading space and moving closer into cities while costs remain
affordable

The Minneapolis –St. Paul industrial market experienced negative absorption for the first time in tracked history. A number of firms occupied Industrial Insight -Read More

Industrial facilities under construction and completed during Q1 2017

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JLL Minneapolis – St. Paul Snapshots:
United Properties and Hyde Development are the most active local industrial developers right now
Industrial facilities

Industrial facilities: under construction & completed, Q1 2017 YTD

  • The largest industrial project currently under construction is United Properties’ 402,000 square foot build-to-suit bulk warehouse for Distribution Alternatives in Lino Lakes. The Pohlad family-owned
  • Read More
Categories: Industrial, Minnesota.

Minneapolis commuter behavior shifts since 2010

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis commuter behavior shifts since 2010
MplsJLL-SnapshotCommuterGrowth

Graph of Minneapolis commuter modes of transportation

  • According to the U.S. Census Bureau from 2010 to 2015 individual drivers still made up the largest volume of commuter growth, adding nearly 9,500 drivers totaling 133,113 per day.
  • Walking and biking modes have gained collectively twenty-five
  • Read More
Categories: Uncategorized.

Average office holding period average 6.1 years

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JLL Minneapolis – St. Paul Snapshots:
Average office holding period averages 6.1 years; holding length continues to decline after 2015 peak

Average office holding period

•In the Minneapolis – St. Paul market the average holding period for office sales of at least $25 million has trended sideways with year-over-year fluctuation from 2012-2016.
•The year 2015 marked the highest average holding… Read More

Minneapolis among nation’s top metros for total tech job growth, #3 in Midwest

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis among nation’s top metros for total tech growth, #3 in Midwest
Tech Job Growth

Top twenty metros with the largest absolute increase in tech jobs, 2013-2015

  • Brookings recently analyzed job creation in four key digital services industries: software publishing, data processing and hosting, computer systems design, and web publishing/search.
  • Read More

Energy Outlook 2016 | North America

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JLL’s top five key themes impacting energy markets To receive the full report, email the Minneapolis Tenant Representation Team Theme one: Macroeconomics factors influencing energy markets

Despite low oil prices, the U.S. marked its fourth year as the world’s top
producer of petroleum and natural gas in 2015, accounting for over twice
the production of Saudi Arabia, according to the U.S. Energy Information
Administration (EIA). Significant supply increases in the U.S. are directly
attributable to production… Read More