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Minneapolis-St. Paul unemployment approaches 20-year low; #1 among all large metros at 2.3%/540/minneapolis-12-11-17-unemployment<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-meeting-tablets.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/540/minneapolis-12-11-17-unemploymentMinneapolis-St. Paul unemployment approaches 20-year low; #1 among all large metros at 2.3%​Preliminary numbers for October place Minneapolis – St. Paul at the top spot among large metros (shared with Nashville) for the lowest percent of civilian workers looking for work.
Minneapolis-St. Paul residents have 4th highest credit scores in the nation; #1 among all large Midwest metros/520/minneapolis-st-paul-12-4-17-highest-credit-scores<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-hands-meeting.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/520/minneapolis-st-paul-12-4-17-highest-credit-scoresMinneapolis-St. Paul residents have 4th highest credit scores in the nation; #1 among all large Midwest metros​The state of Minnesota has consistently ranked first in the nation for its residents’ credit scores.
Minnesota’s out-of-state tech employees come from Wisconsin /481/minneapolis-st-paul-11-13-17-out-of-state-tech-employees<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-conference-office.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/481/minneapolis-st-paul-11-13-17-out-of-state-tech-employeesMinnesota’s out-of-state tech employees come from Wisconsin Minneapolis-St. Paul boasts one of the lowest overall unemployment rates throughout the country at 2.9%.
Twin Cities’ median household income expected to increase 10% across all age ranges by 2022/458/minneapolis-st-paul-11-6-17-median-household-income<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-teamwork-office.png?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/458/minneapolis-st-paul-11-6-17-median-household-incomeTwin Cities’ median household income expected to increase 10% across all age ranges by 2022​When considering growing economic opportunity and projected inflation, median household income for the Minneapolis-St. Paul metro is expected to increase an average of 10 percent within the next five years.
Historic market stats third quarter 2017 update/450/minneapolis-10-30-17<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-birdseye-trees.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/450/minneapolis-10-30-17Historic market stats third quarter 2017 update​Absorption across the market turned positive for over 50 percent of submarkets.
Industrial construction slows down in Shakopee after 2 million SF of inventory has been added since 2015/421/minneapolis-10-24-17-industrial-vacancy-plunge<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/industrial-loading-dock-forklift.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/421/minneapolis-10-24-17-industrial-vacancy-plungeIndustrial construction slows down in Shakopee after 2 million SF of inventory has been added since 2015​After some large lease deals this past summer, the Shakopee industrial micromarket has seen vacancy rate rates plunge to 2.2 percent citywide, largely due to increasing demand for Class A bulk warehouse facilities.