Minnesota leaps five spots; now ranks as seventh top tech state

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JLL Minneapolis – St. Paul Snapshots:
Minnesota leaps five spots; now ranks as seventh top tech state

MN a top tech state

• According to Milken Institute’s State Technology and Science Index of 2016 Minnesota jumped five spots into the top ten. This move puts the state within the top ten for the first time in more than ten years.
•The… Read More

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

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

Minnesota is the least-stressed state in the nation

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JLL Minneapolis – St. Paul Snapshots:
Minnesota is the least-stressed state in the nation; work-related stress has room for improvement

 Minnesota’s residents are less stressed

• According to a recent WalletHub analysis, Minnesota’s residents are less stressed than the rest of America. Contributing factors include high median incomes, affordable housing, low divorce rates, excellent access to childcare and parental… Read More

Categories: Minneapolis, Minnesota.

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

Infill sites are attracting an unprecedented share of industrial investment

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JLL Minneapolis – St. Paul Snapshots:
Infill sites are attracting an unprecedented share of industrial investment

Infill sites in the Minneapolis - St. Paul area

•With the Minneapolis-St. Paul unemployment rate of 4.2%, one of the lowest in the nation, firms are reconsidering their real estate strategy in order to capture more talent. Despite the higher costs of infill development, new… Read More

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 Industrial Insight -Read More

Industrial facilities under construction and completed during Q1 2017

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JLL Minneapolis – St. Paul Snapshots:
United Properties and Hyde Development are the most active local industrial developers right now
Industrial facilities

Industrial facilities: under construction & completed, Q1 2017 YTD

  • The largest industrial project currently under construction is United Properties’ 402,000 square foot build-to-suit bulk warehouse for Distribution Alternatives in Lino Lakes. The Pohlad family-owned
  • Read More
Categories: Industrial, Minnesota.