The U.S. labor market is experiencing a chronic labor shortage. At the start of the decade unemployment numbers rivaled that of the Great Depression; however, we now have a ravenous job market with a significant labor shortage. As of January 2018, approximately 6.3 million positions remained open, but unfilled – a record high.
2018 is Hot and Breaking Records in Sales, Leasing and Construction
The Twin Cities continues to see a very favorable market for commercial real estate and the pace in the first quarter of 2018 is breaking records. In Q1 of 2018, the Minneapolis central business district (CBD) experienced the largest quarterly transaction volume in over a… Read More
Any commercial real estate agency leasing team member will tell you, they wear many hats. As JLL’s Minneapolis Agency Leasing team, one of the largest, classiest hats we wear is that of marketing professionals. Our goal is to market our clients’ assets to the utmost degree, in order to… Read More
The Twin Cities is known for its financial institutions, offering 790 total bank branches in our area. But, these numbers are changing as customers evolve. Today’s customers are forgoing yesterday’s bank and looking for banking partners who can provide value, convenience and superior service. They want the best rates and discounts and a… Read More
East Town sits to the southeast of the Minneapolis CBD Core and hugs the Mississippi River. Despite being surrounded by districts and architecture dating back to the 1800s, East Town is becoming more known for its recent development and public green spaces.
Minneapolis was chosen as the host city for the 2018’s big game in 2014, a full two years before the new US Bank Stadium was even completed. When the stadium was fully erected in 2016, construction of the US Bank Stadium totaled $1.13 billion. Investment in the surrounding area has added up to over another… Read More
After the purchase of your office building, you don’t just want someone to simply “manage” it. Instead, you must look for a valued partner who differentiates your assets to improve occupancy, increases your net operating income and maximizes your real estate performance.
Finding the right partner to manage your property can be daunting. Here’s what to… Read More
We recently released our annual “Most Expensive Streets” study, which takes a look at the priciest office space in America. The average rent on these streets is $48.65 per square foot. This represents a 46.9 percent premium compared to the rest of the country. Right here in the Twin Cities, our… Read More