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Q4 2021 Office Market Report Minneapolis St Paul

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21Q4 Office Market Report - Minneapolis-St. Paul
The Q4 2021 Office Market followed the trend of the rest of 2021 in taking a wait-and-see approach, although, relatively speaking, the end of the year finished with far more promise than just six months prior. Some employers have chosen to renew current leases continuing the wait-and-see approach while some have began to hunt for higher-quality space. Pandemic related stalls in decision making are giving way to necessity for more and more tenants and owners.

21Q4 Office Market Report - Minneapolis-St. Paul

Q4 2021 Office Market Report Minneapolis St Paul

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Jeremy Jacobs

Managing Director/Market Leader

Minneapolis - St. Paul

I began my career as on Active Duty in the United States Army (2006-2011).  I spent nearly five years as a Judge Advocate General (attorney), an experience that was highlighted by a deployment to Iraq in 2008.  I also spent time practicing as a Tax Attorney, Contract & Fiscal Law Attorney, Administrative Attorney and completed my tenure in the Army as a prosecutor.  

Over the past 8 years, while with Ryan Companies (2011 - 2015) followed by Mortenson Development, Inc. (2015 - 2019), I supported and then led a number of developments across the Twin Cities and Greater Minnesota.  The seminal achievement of my development career was leading the development of One Discovery Square, the first phase of a Life Science district in Rochester, Minnesota, which was done in collaboration with Mayo Clinic, the University of Minnesota Rochester, Epic Medical Records, and a variety of other commercial partners.  The District is described as the economic engine of the Destination Medical Center, a $585M public-private partnership -- the largest such partnership in Minnesota's history.

I employ a people-first, servant-leader approach. I believe in the value of collaboration and strong teams, in peer accountability, and in the power of leveraging insight to the benefit of our client's businesses.

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