Downtown Minneapolis Office Market

Downtown - North Loop - Mill District - Elliot Park - Loring Park
eastharrietguy
City Center
Posts: 38
Joined: December 28th, 2014, 11:46 pm

Re: Downtown Minneapolis Office Market

Postby eastharrietguy » September 26th, 2019, 5:30 pm

There is no question that there is more going on in DT Mpls, but DT St. Paul has a lot to offer. Some of my favorite restaurants are in DT St. Paul:Meritage, St. Paul Grill and Pazzaluna. I understand there are some great spots in Lowertown as well. I would also argue that Rice Park is easily the best urban space in the cities... beautiful buildings all around. I would hope more firms would consider DT St. Paul over the suburb if they feel DT Mpls is too expensive.

David Greene
IDS Center
Posts: 4726
Joined: December 4th, 2012, 11:41 am

Re: Downtown Minneapolis Office Market

Postby David Greene » September 26th, 2019, 5:46 pm

I really liked working downtown St. Paul. Wish we were still there.

Sent from my Pixel 3 using Tapatalk


grrdanko
Nicollet Mall
Posts: 160
Joined: December 21st, 2014, 3:14 pm
Location: Downtown

Re: Downtown Minneapolis Office Market

Postby grrdanko » September 26th, 2019, 7:29 pm

eastharrietguy wrote:
September 26th, 2019, 5:30 pm
There is no question that there is more going on in DT Mpls, but DT St. Paul has a lot to offer. Some of my favorite restaurants are in DT St. Paul:Meritage, St. Paul Grill and Pazzaluna. I understand there are some great spots in Lowertown as well. I would also argue that Rice Park is easily the best urban space in the cities... beautiful buildings all around. I would hope more firms would consider DT St. Paul over the suburb if they feel DT Mpls is too expensive.

Saint Paul is one of the nicest suburbs of Minneapolis, but many businesses would like to be located in the central city.

SurlyLHT
Foshay Tower
Posts: 822
Joined: February 21st, 2017, 3:50 pm

Re: Downtown Minneapolis Office Market

Postby SurlyLHT » September 27th, 2019, 8:12 am

eastharrietguy wrote:
September 26th, 2019, 5:30 pm
There is no question that there is more going on in DT Mpls, but DT St. Paul has a lot to offer. Some of my favorite restaurants are in DT St. Paul:Meritage, St. Paul Grill and Pazzaluna. I understand there are some great spots in Lowertown as well. I would also argue that Rice Park is easily the best urban space in the cities... beautiful buildings all around. I would hope more firms would consider DT St. Paul over the suburb if they feel DT Mpls is too expensive.
St Paul does have better urban spaces. The parks are dispersed throughout the CBD. I loved going to Rice Park during my breaks when I worked in Downtown St Paul. I walk over to the Commons in Downtown Minneapolis, but by the time I get there I need to turn back. The Government Center's 7th St park is nice though, but no Rice Park.

LakeCharles
Foshay Tower
Posts: 842
Joined: January 16th, 2014, 8:34 am
Location: Kingfield

Re: Downtown Minneapolis Office Market

Postby LakeCharles » September 27th, 2019, 8:25 am

Downtown St Paul has some great urban spaces, but in between them it's real gross. Walking down 6th St between Rice Park and Mears Park is very depressing.

SurlyLHT
Foshay Tower
Posts: 822
Joined: February 21st, 2017, 3:50 pm

Re: Downtown Minneapolis Office Market

Postby SurlyLHT » September 27th, 2019, 8:41 am

Be awesome if Mpls put a linear park on 5th St. connecting US Bank Stadium to Nicollet Mall. (If it went past Hennepin I fee it would mess with traffic too much.) This would make green space accessible to many Downtown workers.

phop
Nicollet Mall
Posts: 169
Joined: May 28th, 2013, 8:58 pm
Location: Minneapolis

Re: Downtown Minneapolis Office Market

Postby phop » September 27th, 2019, 8:54 am

St. Paul's interfacing with the river is still very bad in downtown. Granted, it has more of a severe bluff to deal with than Minneapolis, but Minneapolis is working towards a world-class river park on the downtown periphery, while St. Paul is still trying to figure out simply how to get people past the rail and car barriers.

xandrex
Wells Fargo Center
Posts: 1357
Joined: January 30th, 2013, 11:14 am

Re: Downtown Minneapolis Office Market

Postby xandrex » September 27th, 2019, 10:05 am

Didier wrote:
September 26th, 2019, 4:40 pm
Not speaking specifically to the downtown, but I think it’s easy for west metro/Minneapolis people to equate St. Paul being smaller with St. Paul being irrelevant, when really St. Paul and the east metro in general have their own smaller but similar ecosystem. Like for me there was a long time when I’d never go to Uptown or much of anywhere in Minneapolis, and instead Grand Avenue served the same purpose.
Downtown St. Paul is definitely not irrelevant. While I worked over there, it was funny to hear east metro folks talk about how they hadn't been over to Minneapolis in months ("Why would I?"). It's truly its own smaller system.

alexschief
Target Field
Posts: 574
Joined: November 12th, 2015, 11:35 am
Location: Philadelphia

Re: Downtown Minneapolis Office Market

Postby alexschief » September 27th, 2019, 11:54 am

xandrex wrote:
September 27th, 2019, 10:05 am
Didier wrote:
September 26th, 2019, 4:40 pm
Not speaking specifically to the downtown, but I think it’s easy for west metro/Minneapolis people to equate St. Paul being smaller with St. Paul being irrelevant, when really St. Paul and the east metro in general have their own smaller but similar ecosystem. Like for me there was a long time when I’d never go to Uptown or much of anywhere in Minneapolis, and instead Grand Avenue served the same purpose.
Downtown St. Paul is definitely not irrelevant. While I worked over there, it was funny to hear east metro folks talk about how they hadn't been over to Minneapolis in months ("Why would I?"). It's truly its own smaller system.
As a non-native, and someone who has only ever lived between the downtowns (Mac Groveland, Como, and Prospect Park), this perspective really frustrates me. If your orbit is confined by the political geography of the two central counties and cities, you're missing out on a lot.

I wish more people treated it as one city that just happens to have two downtowns.

SurlyLHT
Foshay Tower
Posts: 822
Joined: February 21st, 2017, 3:50 pm

Re: Downtown Minneapolis Office Market

Postby SurlyLHT » September 27th, 2019, 12:01 pm

alexschief wrote:
September 27th, 2019, 11:54 am
xandrex wrote:
September 27th, 2019, 10:05 am
Didier wrote:
September 26th, 2019, 4:40 pm
Not speaking specifically to the downtown, but I think it’s easy for west metro/Minneapolis people to equate St. Paul being smaller with St. Paul being irrelevant, when really St. Paul and the east metro in general have their own smaller but similar ecosystem. Like for me there was a long time when I’d never go to Uptown or much of anywhere in Minneapolis, and instead Grand Avenue served the same purpose.
Downtown St. Paul is definitely not irrelevant. While I worked over there, it was funny to hear east metro folks talk about how they hadn't been over to Minneapolis in months ("Why would I?"). It's truly its own smaller system.
As a non-native, and someone who has only ever lived between the downtowns (Mac Groveland, Como, and Prospect Park), this perspective really frustrates me. If your orbit is confined by the political geography of the two central counties and cities, you're missing out on a lot.

I wish more people treated it as one city that just happens to have two downtowns.
I don't think they'll ever be treated as one city. It's an age old rivalry which has lessoned. There is a reason Minne and Paul are shaking hands at Target Field. With that said I know many in the St Paul area which don't go to Minneapolis often.

Didier
Capella Tower
Posts: 2391
Joined: June 3rd, 2012, 10:11 am
Location: MSP

Re: Downtown Minneapolis Office Market

Postby Didier » September 27th, 2019, 1:21 pm

I wish more people treated it as one city that just happens to have two downtowns.
Maybe it's because I've lived near the border since 2009, but this is always how I've experienced it. There are things in both, and they're really not all that different. I think a lot of it just comes to where you live.

Like, if you live in Uptown, you probably don't spend a lot of time in St. Paul, but you're probably also not getting dinner at Holy Land or Jax Cafe in Northeast all that often, either. And for a lot of South Minneapolis, the nearest commercial district of note is in Highland Park. So I don't really buy that a lot of people refuse to cross the river due to some sort of rivalry; it's just that people often don't have a super compelling reason to go to random neighborhoods that aren't very close to them.

alexschief
Target Field
Posts: 574
Joined: November 12th, 2015, 11:35 am
Location: Philadelphia

Re: Downtown Minneapolis Office Market

Postby alexschief » February 22nd, 2020, 1:02 pm

I was curious about how new Minneapolis office developments are building parking, so I looked up the submissions for (1) the City of Minneapolis Consolidated Office Building, (2) the Gateway Tower, and (3) North Loop Green. I also compiled the three submissions for the block and a half (4) Thrivent HQ development, including the preliminary proposal that is going before the CoW next week.

Between them, I counted:
+ 1,506,599 office sq. ft.
+ 63,664 commercial sq. ft.
+ 692 housing units
+ 318 hotel rooms
+ 1,955 car parking spaces

All of these projects are being built on either surface or structured parking, so I counted or estimated how many existing spaces would be lost. I counted roughly a loss of 2,056 car parking spaces, which means these four developments are better than parking neutral. Add to this the Dayton's Project renovation, which will restore office space without adding new parking (I didn't look closely for any submissions for this).

Image

While I wish that several of these projects were even more ambitious, especially the Thrivent HQ development, the overall picture is really promising. Cities have widely different parking requirements for office, but a pretty standard measure is 3-4 spaces per 1,000 square feet. If you completely ignore all of the other uses, the parking ratio for these downtown developments is about 30-40% of what other places would require. When you add in those other uses, it's even more impressive.

Job density drives transit ridership even more than housing density, and a lack of free or easy parking drives transit ridership more than anything else. Adding over 1.5 million square feet of office space while reducing the amount of parking in the downtown core is a pretty big success all around, especially as the LRT system extends into the commuter suburbs.

CalMcKenney
Metrodome
Posts: 86
Joined: April 2nd, 2019, 8:54 am

Re: Downtown Minneapolis Office Market

Postby CalMcKenney » June 2nd, 2020, 12:11 pm

https://www.cnbc.com/2020/06/01/stitch- ... force.html

Some potentially good news. Stitch Fix is planning to lay off 1400 employees to hire 2000 new ones in cheaper cities such as Dallas, Austin, & Minneapolis according to the article.

The optimist in me has been hoping that all the bad press Minneapolis has received as of late, justifiably, may have also brought some national attention to the fact Minneapolis has been a success story compared to the rest of the Midwest by many measures of success. If we can prove that our liberal ideology will change from measures that look great on paper and make us feel good, but don't really do much, to ones that practically and meaningfully increase equality I feel like this could be a positive for the city over the long run. Putting ourselves on the map as a lively, artistic, educated, dense, and hopefully increasingly equal city for national companies to relocate young workers too as San Francisco & New York become prohibitively expensive.

eastharrietguy
City Center
Posts: 38
Joined: December 28th, 2014, 11:46 pm

Re: Downtown Minneapolis Office Market

Postby eastharrietguy » July 4th, 2020, 8:30 pm

Does anyone else think the days of office construction are over for awhile? Everything I've read about office workers is that many employees will continue to work from home. Less costly to the employer and the employee saves time and money by working from home. Its not for everyone, I personally prefer to go into my office, but this will be a change for a certain percentage of workers and I believe will stymie new office construction for a long time, unless it's build-to-suit and even then will likely be smaller than whatever previous space the company occupied.


Return to “Minneapolis - Downtown”

Who is online

Users browsing this forum: No registered users and 3 guests