Q1 2021 Minneapolis Market Report

Minneapolis/St. Paul, collectively referred to as the Twin Cities, is the 16th largest MSA with approximately 3.6 million residents and home to 17 fortune 500 public companies’ headquarters. The Twin Cities is also ranked highly for quality of life, labor force participation, health care, and workforce quality. The Minneapolis/St. Paul Office Market consists of over 129 million SF. As of February 2021, Minnesota’s unemployment rate had improved to 4.3%, outperforming the US unemployment rate of 6.2%.