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JLL Chart of the Week Minneapolis-St. Paul
- 1. Minneapolis–St. Paul Minneapolis CBD attracting suburban tenants Chart of the week: April 13, 2015 • The Minneapolis CBD has attracted nearly 200,000 square feet of suburban tenants in new lease deals year-to-date. Many companies are increasingly attracted to the CBD based on a desire to recruit and retain employees; the increase in the downtown population, access to transit and an abundance of amenities are key factors contributing to this trend. • This helps build on the momentum from 2013 and 2014. In Q4 2013, Be The Match signed a 240,000- square-foot lease for a new headquarters which is currently under construction in the North Loop neighborhood (the nonprofit is relocating from Northeast Minneapolis). In 2014 more than 188,000 square feet of lease deals were struck that relocated tenants to the CBD from other submarkets. Source: JLL Research, Minneapolis-St. Paul Business Journal 2. Young America Marketing 17,000 s.f. Lumber Exchange 1. Qumu Tech 17,216 s.f. Butler North 4. ECMC Education nonprofit 122,000 s.f. 901 3rd Avenue 3. Varde Partners Financial services 36,000 s.f. AT&T Tower 1 2 3 4