Author Archives: JLL Minneapolis

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… 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… 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
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Western suburbs subject to worst commute increases by 2030

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JLL Minneapolis – St. Paul Snapshots:
Western suburbs subject to worst commute increases by 2030

Minneapolis AM Commute Projection

•Overall the Minneapolis metro has it pretty good when it comes to morning commutes. We avoided MSN’s ‘50 Worst Commutes in America’ list, however all growth comes with its share of growing pains.
•According to the Metropolitan Council,… Read More

Despite seasonal swings, U.S. construction continues steadily forward

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Construction Outlook | Q4 2016 To receive the full report, email the Minneapolis Tenant Representation Team

Despite growing uncertainty and seasonal swings, U.S. construction continues steadily forward
As a testament to the success of the year, construction spending in the United States for 2016 MplsConstructiontotaled nearly $1.2 trillion, or 4.5 percent more than full year 2015 levels—nearly… Read More

Minnesota is the least-stressed state in the nation

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JLL Minneapolis – St. Paul Snapshots:
Minnesota is the least-stressed state in the nation; work-related stress has room for improvement

 Minnesota’s residents are less stressed

• According to a recent WalletHub analysis, Minnesota’s residents are less stressed than the rest of America. Contributing factors include high median incomes, affordable housing, low divorce rates, excellent access to… Read More

Categories: Minneapolis, Minnesota.

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… 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… Read More