Category Archives: Industrial

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

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

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 infill development, new… Read More

Minneapolis Industrial Insight | Q1 2017

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Minneapolis – St. Paul Industrial Insight | Q1 2017MplsStatsButtonGray
Tenants are upgrading space and moving closer into cities while costs remain
affordable

The Minneapolis –St. Paul industrial market experienced negative absorption for the first time in tracked history. A number of firms occupied Industrial Insight -Read More

Industrial facilities under construction and completed during Q1 2017

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JLL Minneapolis – St. Paul Snapshots:
United Properties and Hyde Development are the most active local industrial developers right now
Industrial facilities

Industrial facilities: under construction & completed, Q1 2017 YTD

  • The largest industrial project currently under construction is United Properties’ 402,000 square foot build-to-suit bulk warehouse for Distribution Alternatives in Lino Lakes. The Pohlad family-owned
  • Read More
Categories: Industrial, Minnesota.

JLL Industrial Insight | Q4 2016

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Industrial Insight | Q4 2016:
New construction slows, stymies investment sales

New spec development is slowing due to land scarcity, rising construction costs, and needed time to let existing vacancy fall 
While build-to-suit (BTS) construction remains steady, speculative development is slowing down. Q4 2016 Current ConditionsThis is partly a factor of increasing costs for new construction, including labor and… Read More

JLL Minneapolis Industrial Insight | Q3 2016

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Q3 2016 JLL Industrial Insight:
BTS Deliveries Dominate Quarterly Absorption

Inventory jumps 1.2 million square feet; vacancy drops 60 basis pointscurrent-conditions-submarket-q32016
The third quarter has been the highlight of 2016, largely due to some long-awaited build-to-suit (BTS) deliveries. Of the seven facilities and 1.7 million square feet that came on to the market this quarter, the total prelease rate was 91.2… Read More

Q2 Industrial leasing and buying booms in Shakopee

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COW_Shakopee
Shakopee experienced significant industrial leasing and buying activity during the second quarter of 2015. Big names like Amazon, Polaris and AmerisourceBergen will soon all be moving to the Southwest metro.

Amazon confirmed rumors of their move by leasing a 60-acre site to begin construction on a 820,000-square-foot fulfillment center. Amazon also leased out an existing 162,000-square-foot building for a package sorting facility nearby the center.… Read More