Category Archives: Minneapolis

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

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

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

Energy Outlook 2016 | North America

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JLL’s top five key themes impacting energy markets To receive the full report, email the Minneapolis Tenant Representation Team Theme one: Macroeconomics factors influencing energy markets

Despite low oil prices, the U.S. marked its fourth year as the world’s top
producer of petroleum and natural gas in 2015, accounting for over twice
the production of Saudi Arabia, according to the U.S. Energy Information
Administration (EIA). Significant supply increases in the U.S. are directly
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