Category Archives: Agency Leasing

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

Average office holding period average 6.1 years

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JLL Minneapolis – St. Paul Snapshots:
Average office holding period averages 6.1 years; holding length continues to decline after 2015 peak

Average office holding period

•In the Minneapolis – St. Paul market the average holding period for office sales of at least $25 million has trended sideways with year-over-year fluctuation from 2012-2016.
•The year 2015 marked the highest average holding… Read More

Minneapolis among nation’s top metros for total tech job growth, #3 in Midwest

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis among nation’s top metros for total tech growth, #3 in Midwest
Tech Job Growth

Top twenty metros with the largest absolute increase in tech jobs, 2013-2015

  • Brookings recently analyzed job creation in four key digital services industries: software publishing, data processing and hosting, computer systems design, and web publishing/search.
  • Read More

JLL Fringe Market Report: North Loop – Warehouse District

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North Loop - Warehouse District - JLL Fringe Report

We all know that the North Loop – Warehouse District are hot right now for tech talent. Take a look at this additional info:
  • Nearly 1/5 of the tenants are tech companies – see JLL’s Q4 Warehouse District Submarket Report
  • The size of our tech employment in Minneapolis is bigger than San Francisco – I
  • Read More

JLL Minneapolis’ Law Firm Report | 2016

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A turning point in market dynamics provide firm will enhanced opportunity ahead for the Minneapolis Law Firm sector.

sentiment

Overall, 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… Read More

Who will build the next office development in the North Loop?

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JLL’s Chart of the Week:
Who will build the next office development in the North Loop? North Loop Proposed Development
Sources: JLL Research

Of all the speculative development occurring in the Minneapolis CBD, 4 out of 4 projects are occurring outside the traditional downtown zone. And unlike the skyscrapers that dot Nicollet Mall, these new projects range… Read More

Office Product to the NW of Nicollet Mall Continues to Fare Better Than the SE

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JLL’s Chart of the Week:
Office Product to the Northwest of Nicollet Mall Continues to Fare Better than the Southeast Office Product around Nicollet Mall
Source: JLL Research

Office product in the CBD area northwest of Nicollet Mall has historically performed better than the southeastern part of the CBD, and that trend has only become more… Read More