Greater Minneapolis-Saint Paul region has everything a business needs to thrive, rated seventh as a top state for business in America - based on cost of doing business, workforce, transportation and infrastructure, education, access to capital, and quality of life. The 16-county Minneapolis-Saint Paul regions consistently ranks among the best places to do business in the United States. Four key attributes that set us apart: a resilient, diverse economy anchored by 19 Fortune 500 companies, a penchant for innovation, a highly educated workforce - one of the best in the nation and an outstanding quality of life. All these factors contribute to put the region on the short list for site selectors, business owners, entrepreneurs and creative class workers from around the globe.
The Minneapolis St. Paul office market consists of more than 100 msf of space. Numerous corporate headquarters call Minneapolis/St Paul home, including sixteen Fortune 500 companies. The area also has the second largest economy in the Midwest, behind only Chicago. The Twin Cities consistently ranks as one of the top states for business.
The Minneapolis St. Paul industrial market consists of more than 85 msf of space. There are several factors that drive the region’s industrial sector. The Minneapolis-St.Paul International Airport serves approximately 36 million passengers per year, and is located within ten miles of both downtown Minneapolis and downtown St. Paul. It is the largest and busiest airport in the six-state upper Midwest region. The Twin Cities is the second largest medical device manufacture center in North America.
The Minneapolis St. Paul retail market is the notable home to the Mall of America. The robust Minnesota economy supports 201 msf of retail space. With a highly educated population and the most Fortune 500 companies per capita, the Minnesota retail market has continued to grow with nearly 2.5 msf of new space since 2014.
Among one of the newest strategic American expansions, Minneapolis-St. Paul represents Avison Young’s 44th office in the U.S., another step in the firm’s ongoing aggressive growth strategy. Avison Young Minneapolis opened its doors in March of 2015, marking its 2017 two-year anniversary.
The Minneapolis team initially concentrated on building a tenant representation practice, with a focus on office and industrial clients. In addition to tenant representation, Avison Young Minneapolis offers a full range of services to for owners and investors of real estate; these services include: acquisition, disposition, leasing, and capital markets. Furthermore, the Minneapolis office has gained significant ground in project management services with newly hired project management professionals who have vast experience in build-to-suit, tenant improvements, and base-building repositioning projects.