Category Archives: Research

Record breaking years for Minneapolis CBD multi-tenant office sales

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Record breaking years for Minneapolis CBD multi-tenant office sales

Minneapolis is transforming to encourage people to live, work and play in downtown. Nicollet Mall is undergoing redevelopment to increase its vibrancy by adding pedestrian-friendly features. Target Field, U.S. Bank Stadium and Target Center are attracting sports and entertainment after hours. Many new residential properties have sprung… Read More

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… 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,… 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… 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… 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 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… 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… 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… Read More