Category Archives: Capital Markets

Minneapolis/St. Paul commercial tax rates result in business growth

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Minneapolis/St. Paul commercial tax rates result in business growth

The Minneapolis/St. Paul area is a hotbed of activity that not only helps us make a name for ourselves in the Midwest, but also puts us on par with other more populous areas. For example, our budding tech industry, high residential multi-tenant occupancy… Read More

Record breaking years for Minneapolis CBD multi-tenant office sales

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Record breaking years for Minneapolis CBD multi-tenant office sales

Minneapolis is transforming to encourage people to live, work and play in downtown. Nicollet Mall is undergoing redevelopment to increase its vibrancy by adding pedestrian-friendly features. Target Field, U.S. Bank Stadium and Target Center are attracting sports and entertainment after hours. Many new residential properties have sprung… 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

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… 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
  • Read More

Cross-border investment still strong, but preliminary 2016 estimates dipped Y-O-Y

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JLL’s Chart of the Week:
Cross-border investment still strong, but preliminary 2016 estimates
dipped Y-O-Y
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According to preliminary Q4 2016 numbers from RCA, total foreign investment into U.S. commercial real estate declined since its peak in 2015. However, as coastal markets are seeing their cross-border deal flow tighten, Midwest markets like Minneapolis-St. Paul are benefiting… 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… Read More