Welcome to Greater Mankato.

Invest with Confidence

LIVABLE & CULTURAL

From our vibrant cultural and ar ts scene to outdoor activities galore, Greater Mankato has it all Our people are warmly welcoming, the cost of living is lower than the national average, and health care providers are world renowned

Growing Population

Greater Mankato grew 12 times faster than communities of similar size between 2010-2020

“Ryan from Greater Mankato Growth was one of our first calls when we were first exploring our startup’s concept and potential. He pointed us to organizational and grant resources and went above and beyond by directly connecting us with numerous leaders including Sam from GreenSeam. I’ve known Ryan for many years and he has always been knowledgeable and willing to go the extra mile.”

Colette Drager – President of the Meatery

OFFICE SUCCESS STORIES STILL HAPPEN. THE E IN THE TWIN CITIES MARKET PROVES IT: Of all the sectors hit by the COVID-19 pandemic, none is suffering more today than office. Companies are still struggling to bring their workers back to the office. Building owners are dealing with sky-high vacancies. And no one knows yet just how much office space companies will need as the work-fromhome movement continues.

ANOTHER ROUGH YEAR FOR TWIN CITIES OFFICE MARKET? THE NUMBERS SUGGEST

IT’S TRUE: The office sector is struggling across the country. But a new report says that sales and leasing activity in the Midwest office market is especially weak, with the Twin Cities’ office sector in particular off to a sluggish start in 2023.

COLLIERS REPORT: QUALITY MATTERS. INDUSTRIAL MIGHT HAVE PEAKED. AND INVESTORS ARE STILL SINKING THEIR DOLLARS IN MULTIFAMILY: A continued flight to quality office assets. A slowdown in demand for industrial properties. A multifamily sector that remains the darling of investors. These are some of the highlights from Colliers’ Global Investor Outlook.

HEALTHCARE’S RETAIL VIBE ISN’T GOING AWAY: Patients increasingly want their healthcare delivered in outpatient facilities: Although they make up only about 30% of the U.S. population, people 55 and over are the biggest consumers of healthcare services in the United States. At the same time, the number of people who are 80 or older is expected to rise by nearly 50% in the next 10 years.

LONG-HAUL COVID INFECTS HEALTHCARE REAL ESTATE: While the Covid pandemic is subsiding, the impact of the demands put on the healthcare system from those events continues. Compounding that are supply chain constraints, staffing challenges and changes in reimbursements from insurance to providers.

DEVELOPMENT SHOWCASE: MINNEAPOLIS’ RBC GATEWAY: FROM A QUIET PARKING LOT TO A SKYSCRAPER FILLED WITH LIFE: The numbers show just how important the RBC Gateway office, hotel and residential development has been to the Twin Cities.

BRING ON THE WATERWORKS: They’re surprisingly common among people who have moved, at least according to the latest research from real estate data company Clever. And some people are so stressed that they can’t help but burst into tears.

MULTIFAMILY’S SECRET WEAPON AGAINST RECESSION? PROPTECH: In 2022, the Federal Reserve raised interest rates seven times, prompting industry leaders to anticipate further hikes in 2023. With inflation remaining high, a recession was anticipated to be on the horizon. As a result, multifamily owners began taking preemptive actions to reduce costs to prepare for a difficult economic period.

WORKERS WANTED … STILL. AGC SURVEY POINTS TO LABOR SHORTAGES AS BIGGEST CHALLENGE FOR CONSTRUCTION COMPANIES IN 2023: The biggest challenge facing the construction industry in 2023? Finding enough workers to staff their job sites.

SO MANY NEW SPEC BUILDINGS, TENANTS JUST CAN’T FILL THEM FAST ENOUGH… RIGHT? Industrial has continued to hold its own, yet record-fast spec deliveries are equaling a vacancy rate that keeps on climbing, according to Colliers’ 22Q4 Construction Review. But just how long is so much valuable space predicted to remain on the market?

President | Publisher Jeff Johnson jeff.johnson@rejournals.com

Managing Editor

Dan Rafter drafter@rejournals.com

Senior Vice President Jay Kodytek jay.kodytek@rejournals.com

Chief Financial Officer Todd Phillips todd.phillips@rejournals.com

Minnesota Event Coordinator

Kaitlyn LaCroix kaitlyn.lacroix@rejournals.com

Art Director | Graphic Designer Alan Davis alan.davis@rejournals.com

Managing Director National Events & Marketing

Alyssa Gawlinski agawlinski@rejournals.com

7767 Elm Creek Boulevard, Suite 210 Maple Grove, MN 55369

For information call 952-885-0815

Editorial Advisory Board

JOHN ALLEN

JEFF EATON

MARK EVENSON

PATRICIA GNETZ

TOM GUMP

CHAD JOHNSON

BILL WARDWELL

JEFFREY LAFAVRE

WADE LAU

JIM LOCKHART

DUANE LUND

CLINT MILLER

WHITNEY PEYTON

MIKE SALMEN