The 2018’s Big Game: Minneapolis’ economic and CRE market impact

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Minneapolis was chosen as the host city for the 2018’s big game in 2014, a full two years before the new US Bank Stadium was even completed. When the stadium was fully erected in 2016, construction of the US Bank Stadium totaled $1.13 billion. Investment in the surrounding area has added up to over another… 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

Location and Amenities – Here’s why Nicollet Mall is among the most expensive streets in America

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Minneapolis, MN - Home of Nicollet Mall, one of America's Most Expensive Streets

We recently released our annual “Most Expensive Streets” study, which takes a look at the priciest office space in America. The average rent on these streets is $48.65 per square foot. This represents a 46.9 percent premium compared to the rest of the country. Right here in the Twin Cities, our… Read More

Relationships matter! How JLL Property Management Services grows its portfolio by fostering unique relationships in the industry

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Relationships Matter to JLL

How do you get a building up and running quickly soon after the sale? You turn to JLL’s Property Management Services team. Onward Investors quickly learned the value of partnering with our skilled team, which now handles more than 19 assets and 2.5M square feet and supports their acquisition and due diligence of new office assets.

Based in Minnesota, Onward Investors… Read More

Minneapolis/St. Paul commercial tax rates result in business growth

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Minneapolis/St. Paul commercial tax rates result in business growth

The Minneapolis/St. Paul area is a hotbed of activity that not only helps us make a name for ourselves in the Midwest, but also puts us on par with other more populous areas. For example, our budding tech industry, high residential multi-tenant occupancy… Read More

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

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

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

Minneapolis tops list of manufacturing businesses; suburbs evenly dispersed

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JLL Minneapolis – St. Paul Snapshots:
Minneapolis tops list of manufacturing businesses; suburbs evenly disperse

 

Click to view number of manufacturing businesses within each city.

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  • Production in Minnesota is thriving, particularly advanced manufacturing. The seven counties at the core of Minneapolis
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