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Minneapolis suburbs account for 88% of local tech industry’s office footprint.

• Not all tech is in the CBD. Not all tech employees are Millennials walking around the North Loop with their cold presses and well-groomed beards.

• In fact, the largest tech employers in the Minneapolis-St. Paul metro are primarily in suburban submarkets. In aggregate, the largest 23 technology firms occupy nearly 5 million square feet, and 88% of their footprint is located in office campuses outside of the Minneapolis and St. Paul CBDs.

• The largest occupancies are Thomson Reuters’ campus in Eagan, Seagate in Bloomington, and the Optum campus in Eden Prairie.

• Some firms like OATI have multiple suburban campuses to attract a broader array of talent from across the metro. OATI’s international headquarters are located in Columbia Heights, yet it recently opened its Microgrid Technology Center in Bloomington as a build-to-suit “south campus.”

Source: JLL Research

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