Avison Young in Minneapolis
Avison Young’s Minneapolis office opened its doors in March 2015. 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.
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 now offers a full range of services to owners and investors of real estate. Services include acquisition, disposition, leasing and capital markets. Furthermore, the Minneapolis office has gained significant ground in project management services with professionals who have vast experience in build-to-suit, tenant improvements and base-building repositioning projects.
Area Overview
The greater Minneapolis-St. 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-St. Paul region 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 help put the region on the short list for site selectors, business owners, entrepreneurs and creative class workers from around the globe.
Markets
OFFICE
The Minneapolis-St. Paul office market consists of more than 100 million square feet of space. Numerous corporate headquarters call Minneapolis-St. Paul home, including 16 Fortune 500 companies. The area also has the second largest economy in the Midwest, behind only Chicago. Minneapolis consistently ranks as one of the top states for business.
INDUSTRIAL
The Minneapolis-St. Paul industrial market consists of more than 85 million square feet of space. Several factors 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 manufacturing center in North America.
RETAIL
The Minneapolis-St. Paul retail market is the notable home to the Mall of America. The robust Minnesota economy supports 201 million square feet 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 million square feet of new space since 2014.