Minneapolis-St. Paul Chart of the Week | September 26,2016

Minneapolis–St. Paul

Speculative office development is occurring on the peripherals of the CBD core

Chart of the week: September 26, 2016

Sources: JLL Research

• Of all the speculative development occurring in the Minneapolis CBD, 4 out of 4 projects are occurring outside the traditional downtown zone. And unlike the skyscrapers that dot Nicollet Mall, these new projects range from 3 to 7 stories tall, reflecting the shifting demands of office tenants. Increasingly, unique customizable space is trumping the standard offerings found in steel and glass high-rise buildings.

Traditional CBD Core

North Loop & Warehouse District

Downtown East

T3206,166 s.f.

Delivered Q3 2016

Maytag Building25,000 s.f. under renovation

Former hardware storeExpected Q1 2017

The Washington52,500 s.f. under renovation

Former adult storeExpected Q2 2017

Millwright Building172,000 s.f. under construction

Expected Q2 2017