What trends are driving the Life Sciences in Minneapolis?

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Minneapolis/St. Paul perspective was written by JLL’s Brian Ginkel
Download PDF here Tight markets drive new real estate solutions

Minneapolis/St. Paul perspective: Although considered a secondary market on a national scale, Minneapolis boasts a very active Life Science community and competition for space is heightened. Decreasing vacancy rates are pushing companies to align real estate opportunities and space trends to

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Daytime population increases dramatically in the CBDs: 6 times more workers than residents

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JLL Minneapolis – St. Paul Snapshots:
Daytime population increases dramatically in the CBDs: 6 times more workers than residents

  • It’s no surprise that there are more people moving through the skyways and sidewalks in downtown Minneapolis and St. Paul during weekday work hours. Collectively, the CBD daytime populations increase by nearly 200,000 people every Monday through Friday. The St.
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Categories: Minneapolis, Minnesota.

Minneapolis-St. Paul is densifying faster than the rest of the nation; #3 among all large metros

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis-St. Paul is densifying faster than the rest of the nation; #3 among all large metros

Change in average neighborhood density, 2010 to 2016

Change in average neighborhood density, 2010 to 2016

  • Since 2010, average neighborhood density rose in only 10 of the nation’s 51 metro areas that have a population of at
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If you build it – will they come? JLL’s Industrial Impact series overview

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If you build it – will they come?
JLL’s Industrial Impact series overview

The effect of e-commerce fulfillment
With e-commerce fulfillment being one of the strongest dynamics driving industrial real estate demand, the resulting need for warehouse labor has also increased dramatically. This, combined with a decreasing unemployment rate, has forced up labor costs and caused seasonal shortages for… Read More

Latest decade sees largest Minneapolis population gain since 1920’s

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JLL Minneapolis – St. Paul Snapshots:
Latest decade sees largest Minneapolis population gain since 1920’s

Minneapolis population gain

• The Metropolitan Council’s latest population estimates placed 37,374 new residents in Minneapolis since 2010; on pace to reach 450,000 new residents by 2020.

• This number translates to nearly a ten percent increase population over and the greatest inflow of new residents… Read More

Categories: Minneapolis, Minnesota.

Turning points in market dynamics will provide law firms with enhanced opportunity ahead

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JLL’s Law Firm Outlook Highlights | 2016 The U.S. economy remains the anomaly among mature and emerging markets in its relative stability despite global economic uncertainty.

The domestic economy has weathered a number of potential shocks throughout the first half of 2016. However, year-to-date growth in GDP, jobs and other economic indicators have been less consistent than in 2014 and 2015, with employment gains varying increasingly on a monthly basis and inflation stubbornly low due to… Read More

Minnesota leaps five spots; now ranks as seventh top tech state

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JLL Minneapolis – St. Paul Snapshots:
Minnesota leaps five spots; now ranks as seventh top tech state

MN a top tech state

• According to Milken Institute’s State Technology and Science Index of 2016 Minnesota jumped five spots into the top ten. This move puts the state within the top ten for the first time in more than ten years.
•The… Read More

Minneapolis-St. Paul’s manufacturing sector continues to see Y-O-Y job gains

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis-St. Paul’s manufacturing sector continues to see Y-O-Y job gains

Manufacturing Employment

• According to the most recent BLS estimates, manufacturing employment in the Minneapolis-St.
Paul metro has grown 2.1% since March 2016. The region has seen positive year-over-year
(YO-Y) job gains every month since 2010. March employment numbers in the manufacturing
sector haven’t been… Read More