Category Archives: Office

Customer Trends are Reshaping the Banking Industry

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JLL's Banking Report

The Twin Cities is known for its financial institutions, offering 790 total bank branches in our area. But, these numbers are changing as customers evolve. Today’s customers are forgoing yesterday’s bank and looking for banking partners who can provide value, convenience and superior service. They want the best rates and discounts and a… Read More

New Year, New Property Management Company? Here’s what to look for!

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After the purchase of your office building, you don’t just want someone to simply “manage” it. Instead, you must look for a valued partner who differentiates your assets to improve occupancy, increases your net operating income and maximizes your real estate performance.

Finding the right partner to manage your property can be daunting. Here’s what to… Read More

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… Read More

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

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

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… 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