Author Archives: JLL Minneapolis

New development turns focus outside of the Minneapolis CBD core

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New development turns focus outside of the CBD core

Minneapolis building development by the decades

Minneapolis building development by the decades

Over the years, the Minneapolis CBD has enjoyed a steady increase in office inventory fueled by surges in new construction. Each decade since 1970, Minneapolis CBD has averaged 5.15 million square feet of new office… Read More

Minneapolis is #1 for Millennial homeownership among all large metros

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis is #1 for Millennial homeownership among all large metros

Millennial Homeownership

• Not all Millennials are living in their parents’ basement and eating avocado toast. Nationally, 32.1% of people aged 18 to 35 years own their own house or condo. Minneapolis-St. Paul is the leader among all large metros with a Millennial homeownership… Read More

Minneapolis tops list of manufacturing businesses; suburbs evenly dispersed

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis tops list of manufacturing businesses; suburbs evenly disperse

 

Click to view number of manufacturing businesses within each city.

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  • Production in Minnesota is thriving, particularly advanced manufacturing. The seven counties at the core of Minneapolis – St. Paul
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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