Category Archives: News

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

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 tripling the GDP inflation… Read More

Twin Cities’ inventory of homes for sale is at its lowest level in decades

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JLL Minneapolis – St. Paul Snapshots:
Twin Cities’ inventory of homes for sale is at its lowest level in decades
Twin Cities’ inventory of homes

Historical months supply of residential inventory

• The inventory of homes for sale in the Minneapolis-St. Paul metro dropped nearly 24 percent
year-over-year (Y-O-Y) to 8,751 active properties this month.… Read More

Categories: Minneapolis, Minnesota, News.

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
560pxCOW1.16

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 from more affordable… Read More

Minneapolis Ranks 2nd Nationally for Employee Compensation Growth

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JLL’s Chart of the Week:
Minneapolis Ranks 2nd Nationally for Employee Compensation GrowthMinneapolis Compensation Growth

Wage and benefit growth in Minneapolis-St. Paul was the second highest in the nation last year. The increase is 60 basis points greater than the national average and 50 basis points greater than Minneapolis-St. Paul’s 2014-2015 growth rate. The compensation increase aligns with the market’s fourth lowest unemployment rate, where y-o-y job growth… Read More

Shifting landscape offers opportunity for investors

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Q3 2015 Office Insight (image)

Click here to view all Q3 2015 Minneapolis Office Market Reports

Minneapolis CBD leads in large leasing deals
Vacancy rates in Minneapolis CBD continue their trend of shrinking every quarter. Vacancy at IDS Center declined 250 basis points since 2014 and the building now has its lowest quarterly vacancy in recent years. The demand for premium downtown office space is substantial and even co-working firms are getting in on the craze. Recently, two shared-space companies out of Chicago, Industrious and Assemble, leased a collective 36,000 sf with plans to rent out collaborative workspace to entrepreneurs and small firms by end of year. … Read More

JLL announces Nick Mazzocco to lead Project and Development Services in Minneapolis

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N-Mazzocco (image)

Nick Mazzocco
Vice President / Market Lead
Project and Development Services

JLL has promoted Nick Mazzocco to the position of Project and Development Services (PDS) Lead in Minneapolis. The announcement was made jointly by Chris Rohrer, Minneapolis Market Director for JLL and David Roberts the Central Region Director for JLL’s PDS group.

“JLL has a rapidly expanding real estate business in the Twin Cities and this is a unique opportunity to grow our local project management business,” said Rohrer.

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JLL makes top rank in the 2015 Twin Cities Best and Busiest Broker survey

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For the second year in a row, JLL commercial real estate consultants made top rank in Twin Cities Business magazine’s survey of the best and busiest commercial real estate brokers in the Twin Cities. Scoring front seat in the office category, Chris Rohrer, Managing Director and Market Lead of the JLL Minneapolis-St. Paul office managed 1.44M sq. ft. of tenant representation transactions in 2014, providing lease negotiation strategies for some of the regions most… 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