Minneapolis-St. Paul Chart of the Week | February 10, 2017
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The Macy’s building is among many other buildings in the Minneapolis CBD that are currently undergoing decisions about future usage. Wells Fargo’s move out of Northstar and Baker Block in 2016 has already prompted the consideration of renovation versus conversion into other uses. Baker Block and the TCF Bank Building are undergoing remodels that will increase tenant amenities and add features more typical of creative office like open floorplates and raised ceilings. Additional opportunities will hit the market when YMCA relocates its facilities and office operations to Gaviidae and when Art Institutes International closes its downtown campus in the LaSalle Building.
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Minneapolis-St. Paul Office Insight | Q1 20162
Offices @ MOA in Southeast submarket lands its first tenant
Class A sales pick up but historic building investment continues
Development activity moves away from traditional Minneapolis CBD core
Milwaukee Chart of the Week August 15th, 2016
It's no coincidence that the two streets holding the majority of downtown Milwaukee's office inventory have also been targeted for recent development. The interlocking gears are moving and some more exciting stuff may be around the corner!
2023 Critical Issues Series: Economic Development Forum
2023 Critical Issues Series: Economic Development ForumThe Chamber For a Greater Chapel Hill-Carrboro
On Thursday, April 27, 2023 from 8:00 a.m. - 10:00 a.m. The Chamber held the Economic Development Forum, the second of four forums in the 2023 Critical Issues Series.
This forum examined economic development throughout Greater Chapel Hill-Carrboro and unpack what's underway, why it matters, and what we can expect going forward.
Speakers included Steve Brantley (Orange County Economic Development), Dwight Bassett (Chapel Hill Economic Development), and John Hartman Brown (Carrboro Economic Development.
There were also project updates from Simon George (UNC Health) on main campus and Eastowne, Jeff Kurtz (Ram Realty Group) on the redevelopment of University Place, Sheryl Waddell (UNC Economic Development and Innovation Hubs) on The Junction, and Danny Hume (Trinsic Residential) on Aura Chapel Hill.
About the Critical Issues Series: The 2023 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is coordinated by The Chamber's Government Affairs Committee and presented by Chapel Hill Media Group and ServPro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling. Special thank you to The Lumina Theater for hosting this event and Weaver Street Market for providing delicious coffee.JLL Cleveland Chart of the Week: April 4, 2016
The 10-acre, $50 million overhaul of Public Square in Cleveland has caught the interest of real estate investors, who have been active in acquiring property adjacent to the square.
Minneapolis-St. Paul Office Insight | Q1 2016
BTS developments loosen up Northeast and Minneapolis CBD inventory
In the last two quarters, 1.3 million square feet of build-to-suit (BTS) office space has been delivered, including the 1.1 million-square-foot Downtown East Wells Fargo towers in the first quarter and the 240,000-square-foot Be the Match headquarters in the fourth quarter. Both employers previously had multiple leases in a variety of multi-tenant office buildings. As such, Northeast experienced large negative absorption last quarter when Be the Match’s employees relocated to its new HQ in the North Loop. Throughout early 2016, the Minneapolis CBD will see the same trend as Wells Fargo’s employees begin to vacate its current space and aggregate in the new owner-occupied digs in Downtown East. Despite some initial increases in vacancy rates, these migrations will open up much-needed contiguous blocks for tenants in the market, the largest being 455,000 square feet at Northstar West.
Legal services are creating ripples, soon waves, in vacancy rates
The trend of law firms choosing to right-size in order to save money on real estate costs is creating churn in the Minneapolis CBD. Nearly 15,500 square feet of contiguous space opened up at IDS Center this quarter when law firm Wagner Falconer & Judd relocated to the Fifth Street Towers. Likewise, Lindquist & Vennum will relocate and downsize to 80,000 square feet by the end of 2016, eventually leaving120,000 square feet of vacant space on floors 40-44 of the IDS Center. This is a rare availability, considering that among Minneapolis CBD Skyline buildings, vacancy on the 30th floor and above has dropped from 10.0 to 8.0 percent year-over-year.
Cass B repurposed office buildings are driving CBD office sales
As vacancy diminishes and rental rates continue to rise, developers are getting creative in regards to office building investments. In the first quarter, all office sales in the Minneapolis CBD were for historic structures, including the Internet Exchange and The Washington, a former adult store now being converted into first-floor retail and 46,000 square feet of multi-tenant office on the upper floors. Out-of-state investors like Chicago-based R2 Companies are increasingly choosing to rehab historic Class B buildings for creative office space due to their unique architectural detail and relative affordability.
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Learn more about the facade improvement projects, including their potential positive impact.
Minneapolis–St. Paul Chart of the Week January 11, 2016
In the Northeast submarket, Class B outperformed Class A in terms of absorption and vacancy during every quarter of 2015. In December 2015, Be the Match finally relocated to its new build-to-suit headquarters in the North Loop, which opened up even more contiguous Class A space and a small amount of Class B.
Minneapolis-St. Paul Chart of the Week | February 22, 2016
For nearly a century, bars within the City of Minneapolis were restricted to Liquor Patrol Limits encompassing the oldest neighborhoods adjacent to the Mississippi River and those most populated by immigrants. Even after the end of Prohibition in 1934, Minneapolis reinstated its patrol limits which were not repealed until 1974. Bars that were within the city but outside of the patrol areas could serve only low-alcohol or 3.2 percent beer.
•The recent purchase of the Sunrise Inn in South Minneapolis is the beginning of the end of an era. The only 3.2 bar that remains is the T-Shoppe Bar in North Minneapolis’ Camden neighborhood.
•Coupled with the impending repeal of the 159-year-old Sunday liquor sales ban, the future earning potential for Minneapolis’ hospitality and retail sectors looks rosy.
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul unemployment gained 60 basis points and fell four spots nationally into an eight place tie with the Indianapolis metro. New workforce highs were achieved in Professional and Business Services and Other Services while Education and Health services saw a slight pullback from its recent run in growth. Y-O-Y Education and Health Services maintained the top spot creating 13,000 jobs over the trailing 12 month period. In contrast, the Leisure and Hospitality sector lost 5,300 jobs in 2016.
Among office using sectors, all have seen a month-to-month contraction in growth except Professional and Business Services which has finished 2016 net positive 12,700 jobs.
Nationwide, unemployment rose for the second consecutive month and now sits at 4.8 percent, boosted by an increase in the labor force participation rate to 62.9 percent. However, the expansion of the civilian labor force is not keeping up with job growth, which will keep slack minimal in the near-term.
Wage growth continues but at a slower pace than December.
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
The record setting sale of the City Center office building in 2016 purchased by Chinese investor HNA Group opened the door for increased overseas investment within the Minneapolis CBD.
The year failed to provide high value transaction volume among apartment buildings compared to the year prior.
Notable hotel transactions however remained within close proximity to records with the second sale of the Hilton Towers within the last 6 years.
A final price for the upcoming sale of the Macy’s building has yet to be released, however it is expected to clear the high-water mark for retail transactions set in 2013 when the Gaviidae Commons closed for $26.5M.
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
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 inventory and less volatile economic growth.
In the final quarter of 2016, Shorenstein Properties sold 33 South Sixth Street to Chinese investor HNA Group for $315 million. This was the largest office sale in Minneapolis’ history. The opportunity for additional foreign direct investment (FDI) will escalate as Asian and European firms seek real estate investments in growing, stable markets.
Minneapolis Chart of the week January 12th, 2017
Over the last year and into 2017 three retailers each occupying 20,000 square feet or more have announced their departure from the downtown CBD, adding to vacancy totals.
The recent acquisition, and plan to redevelop former Macy’s building eludes to a market consensus where the excess space will be best suited as diversified mixed uses.
Minneapolis-St. Paul JLL employment update January 2017
Minneapolis-St. Paul maintains it’s fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
New workforce highs were achieved in Education and Health Services and Government while professional and Business services have seen a slight pullback from its recent run in growth. Y-O-Y Education and Health Services claims the top spot creating 9,700 jobs over the trailing 12 month period.
Among office using sectors, all have seen a month to month contraction in growth except information which maintains still a negative overall growth rate, losing 300 jobs Y-O-Y.
Nationwide, unemployment dropped by 30bp over the year to 4.7 percent. Declines in unemployment came as a result of a steadily increasing workforce, marginally boosting participation, and job growth outperforming the rate of expansion in the workforce.
Wage growth continues to outpace inflation, reaching highest rate of increase this cycle.
Minneapolis-St. Paul employment update | December 2016
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Many factors support metro transit ridership, lack of parking at a place of work is certainly one. Where there is a low ratio of available parking to number of workers there is a workforce highly dependent on metro transit. The opposite exists, as visualized above, where space abounds and parking is available.
As the gradient fades from purple to green, overall ridership numbers are visualized, while marker sizes depict a workplace’s total available parking capacity divided by the number of workers to create a normalized ratio
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Metro-region shoppers are planning to spend $918 per household this holiday season, the highest amount since the St. Thomas Holiday Sentiment Survey began 15 years ago. The average is up $68 or 8 percent over last year. It is predicted that that Minneapolis-St. Paul residents will spend a cumulative $1.24 billion this holiday season.
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Last year, over 37 percent of residents in the Twin Cities volunteered, with more than 1 million people giving 88.4 million hours of service worth about $1.9 billion. Increased civic engagement in communities is linked to lower crime rates, lower rates of mental and physical illness, improved academic outcomes for children, and improved employment outcomes for job seekers.
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Data released from the Minnesota Department of Employment and Economic Development (DEED) paints a picture of the current demand for workers in the Minneapolis Metro Area, also providing wage data by industry.
This chart takes a look at the ratio between available jobs as of Q2 2016 and the median wage paid. This look allows for high level snapshot into the balance of employer demand for workers and the wages workers are willing to accept, within the Twin-Cities Metro.
Overall DEED reports 1.2 unemployed person for each vacancy, equivalent to 2015 - which indicates a stable labor market within the State.
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Minneapolis-St. Paul Office Insight | Q1 20162
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Class A sales pick up but historic building investment continues
Development activity moves away from traditional Minneapolis CBD core
Milwaukee Chart of the Week August 15th, 2016
It's no coincidence that the two streets holding the majority of downtown Milwaukee's office inventory have also been targeted for recent development. The interlocking gears are moving and some more exciting stuff may be around the corner!
2023 Critical Issues Series: Economic Development Forum
2023 Critical Issues Series: Economic Development ForumThe Chamber For a Greater Chapel Hill-Carrboro
On Thursday, April 27, 2023 from 8:00 a.m. - 10:00 a.m. The Chamber held the Economic Development Forum, the second of four forums in the 2023 Critical Issues Series.
This forum examined economic development throughout Greater Chapel Hill-Carrboro and unpack what's underway, why it matters, and what we can expect going forward.
Speakers included Steve Brantley (Orange County Economic Development), Dwight Bassett (Chapel Hill Economic Development), and John Hartman Brown (Carrboro Economic Development.
There were also project updates from Simon George (UNC Health) on main campus and Eastowne, Jeff Kurtz (Ram Realty Group) on the redevelopment of University Place, Sheryl Waddell (UNC Economic Development and Innovation Hubs) on The Junction, and Danny Hume (Trinsic Residential) on Aura Chapel Hill.
About the Critical Issues Series: The 2023 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is coordinated by The Chamber's Government Affairs Committee and presented by Chapel Hill Media Group and ServPro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling. Special thank you to The Lumina Theater for hosting this event and Weaver Street Market for providing delicious coffee.JLL Cleveland Chart of the Week: April 4, 2016
The 10-acre, $50 million overhaul of Public Square in Cleveland has caught the interest of real estate investors, who have been active in acquiring property adjacent to the square.
Minneapolis-St. Paul Office Insight | Q1 2016
BTS developments loosen up Northeast and Minneapolis CBD inventory
In the last two quarters, 1.3 million square feet of build-to-suit (BTS) office space has been delivered, including the 1.1 million-square-foot Downtown East Wells Fargo towers in the first quarter and the 240,000-square-foot Be the Match headquarters in the fourth quarter. Both employers previously had multiple leases in a variety of multi-tenant office buildings. As such, Northeast experienced large negative absorption last quarter when Be the Match’s employees relocated to its new HQ in the North Loop. Throughout early 2016, the Minneapolis CBD will see the same trend as Wells Fargo’s employees begin to vacate its current space and aggregate in the new owner-occupied digs in Downtown East. Despite some initial increases in vacancy rates, these migrations will open up much-needed contiguous blocks for tenants in the market, the largest being 455,000 square feet at Northstar West.
Legal services are creating ripples, soon waves, in vacancy rates
The trend of law firms choosing to right-size in order to save money on real estate costs is creating churn in the Minneapolis CBD. Nearly 15,500 square feet of contiguous space opened up at IDS Center this quarter when law firm Wagner Falconer & Judd relocated to the Fifth Street Towers. Likewise, Lindquist & Vennum will relocate and downsize to 80,000 square feet by the end of 2016, eventually leaving120,000 square feet of vacant space on floors 40-44 of the IDS Center. This is a rare availability, considering that among Minneapolis CBD Skyline buildings, vacancy on the 30th floor and above has dropped from 10.0 to 8.0 percent year-over-year.
Cass B repurposed office buildings are driving CBD office sales
As vacancy diminishes and rental rates continue to rise, developers are getting creative in regards to office building investments. In the first quarter, all office sales in the Minneapolis CBD were for historic structures, including the Internet Exchange and The Washington, a former adult store now being converted into first-floor retail and 46,000 square feet of multi-tenant office on the upper floors. Out-of-state investors like Chicago-based R2 Companies are increasingly choosing to rehab historic Class B buildings for creative office space due to their unique architectural detail and relative affordability.
Facade Study Webinar
Learn more about the facade improvement projects, including their potential positive impact.
Minneapolis–St. Paul Chart of the Week January 11, 2016
In the Northeast submarket, Class B outperformed Class A in terms of absorption and vacancy during every quarter of 2015. In December 2015, Be the Match finally relocated to its new build-to-suit headquarters in the North Loop, which opened up even more contiguous Class A space and a small amount of Class B.
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Minneapolis–St. Paul Chart of the Week January 11, 2016
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Minneapolis-St. Paul Chart of the Week | February 22, 2016
For nearly a century, bars within the City of Minneapolis were restricted to Liquor Patrol Limits encompassing the oldest neighborhoods adjacent to the Mississippi River and those most populated by immigrants. Even after the end of Prohibition in 1934, Minneapolis reinstated its patrol limits which were not repealed until 1974. Bars that were within the city but outside of the patrol areas could serve only low-alcohol or 3.2 percent beer.
•The recent purchase of the Sunrise Inn in South Minneapolis is the beginning of the end of an era. The only 3.2 bar that remains is the T-Shoppe Bar in North Minneapolis’ Camden neighborhood.
•Coupled with the impending repeal of the 159-year-old Sunday liquor sales ban, the future earning potential for Minneapolis’ hospitality and retail sectors looks rosy.
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul unemployment gained 60 basis points and fell four spots nationally into an eight place tie with the Indianapolis metro. New workforce highs were achieved in Professional and Business Services and Other Services while Education and Health services saw a slight pullback from its recent run in growth. Y-O-Y Education and Health Services maintained the top spot creating 13,000 jobs over the trailing 12 month period. In contrast, the Leisure and Hospitality sector lost 5,300 jobs in 2016.
Among office using sectors, all have seen a month-to-month contraction in growth except Professional and Business Services which has finished 2016 net positive 12,700 jobs.
Nationwide, unemployment rose for the second consecutive month and now sits at 4.8 percent, boosted by an increase in the labor force participation rate to 62.9 percent. However, the expansion of the civilian labor force is not keeping up with job growth, which will keep slack minimal in the near-term.
Wage growth continues but at a slower pace than December.
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
The record setting sale of the City Center office building in 2016 purchased by Chinese investor HNA Group opened the door for increased overseas investment within the Minneapolis CBD.
The year failed to provide high value transaction volume among apartment buildings compared to the year prior.
Notable hotel transactions however remained within close proximity to records with the second sale of the Hilton Towers within the last 6 years.
A final price for the upcoming sale of the Macy’s building has yet to be released, however it is expected to clear the high-water mark for retail transactions set in 2013 when the Gaviidae Commons closed for $26.5M.
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
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 inventory and less volatile economic growth.
In the final quarter of 2016, Shorenstein Properties sold 33 South Sixth Street to Chinese investor HNA Group for $315 million. This was the largest office sale in Minneapolis’ history. The opportunity for additional foreign direct investment (FDI) will escalate as Asian and European firms seek real estate investments in growing, stable markets.
Minneapolis Chart of the week January 12th, 2017
Over the last year and into 2017 three retailers each occupying 20,000 square feet or more have announced their departure from the downtown CBD, adding to vacancy totals.
The recent acquisition, and plan to redevelop former Macy’s building eludes to a market consensus where the excess space will be best suited as diversified mixed uses.
Minneapolis-St. Paul JLL employment update January 2017
Minneapolis-St. Paul maintains it’s fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
New workforce highs were achieved in Education and Health Services and Government while professional and Business services have seen a slight pullback from its recent run in growth. Y-O-Y Education and Health Services claims the top spot creating 9,700 jobs over the trailing 12 month period.
Among office using sectors, all have seen a month to month contraction in growth except information which maintains still a negative overall growth rate, losing 300 jobs Y-O-Y.
Nationwide, unemployment dropped by 30bp over the year to 4.7 percent. Declines in unemployment came as a result of a steadily increasing workforce, marginally boosting participation, and job growth outperforming the rate of expansion in the workforce.
Wage growth continues to outpace inflation, reaching highest rate of increase this cycle.
Minneapolis-St. Paul employment update | December 2016
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Many factors support metro transit ridership, lack of parking at a place of work is certainly one. Where there is a low ratio of available parking to number of workers there is a workforce highly dependent on metro transit. The opposite exists, as visualized above, where space abounds and parking is available.
As the gradient fades from purple to green, overall ridership numbers are visualized, while marker sizes depict a workplace’s total available parking capacity divided by the number of workers to create a normalized ratio
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Metro-region shoppers are planning to spend $918 per household this holiday season, the highest amount since the St. Thomas Holiday Sentiment Survey began 15 years ago. The average is up $68 or 8 percent over last year. It is predicted that that Minneapolis-St. Paul residents will spend a cumulative $1.24 billion this holiday season.
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Last year, over 37 percent of residents in the Twin Cities volunteered, with more than 1 million people giving 88.4 million hours of service worth about $1.9 billion. Increased civic engagement in communities is linked to lower crime rates, lower rates of mental and physical illness, improved academic outcomes for children, and improved employment outcomes for job seekers.
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Data released from the Minnesota Department of Employment and Economic Development (DEED) paints a picture of the current demand for workers in the Minneapolis Metro Area, also providing wage data by industry.
This chart takes a look at the ratio between available jobs as of Q2 2016 and the median wage paid. This look allows for high level snapshot into the balance of employer demand for workers and the wages workers are willing to accept, within the Twin-Cities Metro.
Overall DEED reports 1.2 unemployed person for each vacancy, equivalent to 2015 - which indicates a stable labor market within the State.
Minneapolis-St. Paul Chart of the Week | November 7, 2016
Minnesota’s population is among the most trusting of its state government and is the largest state to have a confidence rate of more than 66%, according to a recent Gallup poll.
There is a strong positive relationship between residents' ratings of their state's economy and their confidence in state government. Certainly an unemployment rate of 4.0%, among the lowest in the nation, is an important factor in Minnesotan’s high confidence in their state government.
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
This fall, T3 was the first speculative office development to deliver in Minneapolis since the Recession. What will break ground next? United Properties, Schafer Richardson, Hines, Swervo and CPM Cos. all have proposed developments in the North Loop. It’s only a matter of time until one lands a cornerstone tenant and construction begins again.
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Office product in the CBD area northwest of Nicollet Mall has historically performed better than the southeastern part of the CBD, and that trend has only become more pronounced. Even with T3 delivering fully vacant this quarter, total vacancy on the northwest side of Nicollet is 0.9 million square feet (m.s.f.) with an average building vacancy rate of 12.3%. Comparatively, to the southeast of Nicollet Mall, total office vacancy is 2.9 m.s.f. and the average building vacancy rate is 16.9%.
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis-St. Paul has the fifth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,300 jobs have been added in the industry year-over-year (Y-O-Y).
While office-using sectors were responsible for 31% of growth this month, educational and health services continue to drive regional employment gains and currently account for 39% of Y-O-Y job growth.
Nationwide, unemployment rose by 10bp to 5.0% in September on the back of rising labor force participation, which also saw a bump to 62.9%. At the same time, initial unemployment claims continue to fall, with the moving average resting near a cyclical low of 250,000 per week.
U.S. job openings have jumped by 3.9% over the year even as employment is only up 1.7%. This signals strong demand by employers but lagging labor force growth that is failing to keep up with demand.
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Hotel development is finally on track to meet demand in the Minneapolis CBD. It is expected that more than 2,000 rooms will be delivered in the next few years. AC Marriott and Embassy Suites opened within the last month along Hennepin Ave; Radisson Red was recently completed near the US Bank Stadium. The Nordic-themed 124-room Hewing Hotel in the North Loop is slated to open in November.
Thresher Square and Federal Plaza were both formerly used for office. After recent acquisitions, the historic buildings will be respectively redeveloped into a Canopy by Hilton and a new boutique inn.
Minneapolis-St. Paul Chart of the Week | October 10, 2016
Los Angeles-based Colony Capital REIT spent $62.5 million for four bulk warehouse properties totaling just over 899,000 square feet and averaging $69.57 per square foot (p.s.f.). TA Realty of Boston was the seller. The trade, which occurred in early July, greatly boosted local industrial sales for Q3 to a total of $206.2 million and made it the highest performing quarter year-to-date.
The four transacted properties included Xenium Distribution Center in Plymouth, Highway 55 Distribution Center in Eagan, Minnesota Valley Distribution Center II in Shakopee, and 6240 Carmen in Inver Grove Heights.
Minneapolis-St. Paul Chart of the Week | October 3, 2016
Currently, just over 12,000 people living in the Minneapolis CBD are 20-34 years old and make up the largest share of the total population of 29,200. In the next five years, the share of Millennials living downtown is expected to grow to 45% of the total population. Within the same timeframe, the average household income among downtown dwellers is expected to jump from $85,000 to $95,000. The Minneapolis CBD includes the North Loop neighborhood, which Forbes recently ranked among its Top Ten “Best Cities and Neighborhoods” for Millennials.
Minneapolis-St. Paul Chart of the Week | September 19, 2016
Although the third quarter of 2016 only saw four transactions for office buildings at least 50,000 square feet in size, the average price per square foot increased 82 percent quarter-over-quarter. This is largely due to the sale of Ameriprise Financial Center, which sold for $200 million to Florida-based Morning Calm Management at the end of August. The transaction is the largest deal of the year, surpassing the $82 million sale of PwC Plaza (formerly known as Plaza Seven) back in June.
Expect more transaction volume in Q4, as there are already four pending sales totaling $37.7 million.
Minneapolis-St. Paul Chart of the Week | September 12, 2016
From 2010 to 2015, Minneapolis-St. Paul added 169,043 net new people to its population total, a growth rate of 5.0 percent. The average growth rate for all U.S. metros during that same period was 4.6 percent. MSP’s gains are largely due to a healthy ratio of births to deaths and an increase in foreign immigration.
In general, metro areas in the Midwest and Northeast are seeing slower population growth than the rest of the nation, particularly compared to the South. Minneapolis-St. Paul’s Midwest peers like Chicago, St. Louis, and Detroit all saw single-digit growth over the last five years.
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Minneapolis-St. Paul Chart of the Week | February 22, 2016
Minneapolis-St. Paul Chart of the Week | February 22, 2016
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul Employment Update | February13, 2016
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
Minneapolis-St. Paul Chart of the Week | January 27th, 2017
Minneapolis-St. Paul Chart of the Week | January 16th, 2017
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Minneapolis-St. Paul JLL employment update January 2017
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Minneapolis-St. Paul employment update | December 2016
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Minneapolis-St. Paul Chart of the Week | December 12, 2016
Minneapolis-St. Paul Chart of the Week | December 12, 2016
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Minneapolis-St. Paul Chart of the Week | December 5, 2016
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Minneapolis-St. Paul Chart of the Week | November 28, 2016
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Minneapolis-St. Paul Chart of the Week | November 14, 2016
Minneapolis-St. Paul Chart of the Week | November 7, 2016
Minneapolis-St. Paul Chart of the Week | November 7, 2016
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
JLL Minneapolis-St. Paul Chart of the Week | October 31, 2016
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Minneapolis-St. Paul Chart of the Week | October 24, 2016
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis–St. Paul Employment Update | October 2016
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Minneapolis-St. Paul Chart of the Week | October 17, 2016
Minneapolis-St. Paul Chart of the Week | October 10, 2016
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Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Torun Center Residences Istanbul - Listing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Killer Referans Bahcesehir Catalog Listing Turkey
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
How to Scan Tenants in NYC - You Should Know!
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Biography and career about Lixin Azarmehr
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
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Green Homes, Islamabad Presentation .pdf
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
The KA Housing - Catalogue - Listing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
How to keep your Home naturally Cool and Warm
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Simpolo Company Profile & Corporate Logo
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Riverview City Loni Kalbhor Pune Brochure
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
SVN Live 6.3.24 Weekly Property Broadcast
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
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Minneapolis-St. Paul Chart of the Week | February 10, 2017
- 1. Minneapolis-St. Paul Chart of the week: February 6, 2017 Source: JLL Research Over 3 million square feet in the CBD to be repurposed, primarily into creative office • The Macy’s building is among many other buildings in the Minneapolis CBD that are currently undergoing decisions about future usage. Wells Fargo’s move out of Northstar and Baker Block in 2016 has already prompted the consideration of renovation versus conversion into other uses. • Baker Block and the TCF Bank Building are undergoing remodels that will increase tenant amenities and add features more typical of creative office like open floorplates and raised ceilings. • Additional opportunities will hit the market when YMCA relocates its facilities and office operations to Gaviidae and when Art Institutes International closes its downtown campus in the LaSalle Building. Macy’s Building 914,000 s.f. Proposed office/retail renovation Available 2019 YMCA 125,000 s.f. Proposed office renovation Available February 2018 LaSalle Building 79,000 s.f. Proposed office renovation Available June 2018 TCF Bank Building 130,000 s.f. Office under renovation Available April 2017 Baker Block 1,042,000 s.f. Office under renovation Available now Northstar East 309,000 s.f. Proposed multifamily conversion Contingent on sale Northstar West 403,000 s.f. Proposed office renovation Contingent on sale Square footage representative of rentable building area (RBA)