Strong speculative development activity in the Twin Cities, particularly in the Northwest submarket, is creating new options for users. In 2015, over 1.9 million square feet was delivered in the Northwest alone, while 645,270 square feet is still under construction. As macroeconomic conditions pick up, business-to-consumer retail is seeing strong growth, particularly for companies with a substantial online presence. Duke Realty is building a 134,384-square-foot office and showroom building in Plymouth for furniture dealer Intereum Inc, and has delivered new build-to-suit projects for furniture retailers Room & Board and Blu Dot within the last year.

1. Minneapolis–St. Paul
2015 saw nearly as much industrial
construction as 2013-2014 combined
Chart of the week: January 25, 2016
• Strong speculative development activity in the Twin Cities, particularly in the Northwest submarket, is
creating new options for users. In 2015, over 1.9 million square feet was delivered in the Northwest
alone, while 645,270 square feet is still under construction.
• As macroeconomic conditions pick up, business-to-consumer retail is seeing strong growth, particularly
for companies with a substantial online presence. Duke Realty is building a 134,384-square-foot office
and showroom building in Plymouth for furniture dealer Intereum Inc, and has delivered new build-to-suit
projects for furniture retailers Room & Board and Blu Dot within the last year.
Sources: JLL Research
627,752
2,742,729
3,244,105
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2013 2014 2015