Category Archives: Research

Minneapolis Industrial Insight | Q1 2017

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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

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

Twin Cities Data Center demand driven by healthcare firms

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JLL Data Center Report (image)

Supply of multitenant data center and colocation space has never been higher in the Minneapolis/St. Paul market. And though demand is also significantly increasing, the market is user-favorable. However, we expect absorption to catch up with supply in late 2016, leading to neutral or provider-favorable conditions.

Our Data Center Outlook provides a… Read More

Q2 Industrial leasing and buying booms in Shakopee

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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