Low Vacancy and Above-Average Incomes Drive New Multifamily Development
The overall market for multifamily development is doing very well across the Twin Cities. We are experiencing a greater development wave in outer ring suburbs vs. core urban areas with total suburban multifamily sales more than doubling in volume. Suburban sales… Read More
Companies in a variety of industries hire JLL for Project and Development Services for quick turnarounds on projects of all sizes and budgets. When a global legal firm outgrew their temporary space in Minneapolis, the company hired JLL to assemble a project team to bring local… Read More
The second quarter of 2018 saw some significant milestones and moves in the Minneapolis – St. Paul commercial real estate market. Capital markets first half volume of 2018 CBD sales surpassed annual volume for nine of the last 10 years. Q2 saw a large-user shake-up in the northwest Twin Cities metro with Cantel Medical taking… Read More
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.