Category Archives: Research

Minneapolis is #1 for Millennial homeownership among all large metros

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis is #1 for Millennial homeownership among all large metros

Millennial Homeownership

• Not all Millennials are living in their parents’ basement and eating avocado toast. Nationally, 32.1% of people aged 18 to 35 years own their own house or condo. Minneapolis-St. Paul is the leader among all large metros with a Millennial homeownership… Read More

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, the far western… 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

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 and Green Lines,… Read More

Minneapolis Industrial Insight | Q1 2017

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MplsIndustrialResearchHeader

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

Medical device venture capital dominates suburbs while medical software lands in CBD

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JLL Minneapolis – St. Paul Snapshots:
Medical device venture capital dominates suburbs while medical software lands in CBD
Medical device venture capital JLL Minneapolis

Map of top 30 most recent med-tech deals funded by V.C.

• Closing out 2016, Minnesota’s venture capital-backed medical technology economy ranked 2nd in the country, only bowing to tech mecca San… 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 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