downtown
facts

a vibrant and thriving community

We continue to see incredible growth, development and investment in our downtown community. Downtown and its five neighborhoods are currently home to 218,325 workers and 53,093 residents while typically welcoming approximately 30 million visitors each year. Here are a few key facts and figures that highlight downtown’s vitality. Click Here for our 2020 By The Numbers PDF.

Key Facts

demographics and population

53,093 downtown residents
66 percent increase in population since 2006
218,325 employees work daily downtown

 

Investment

Downtown added 2,432 new apartment units in 2020.
Downtown absorbed 269,793 square feet of Class A office space.
Downtown Minneapolis accounts for 36.2% of all Twin Cities office space.
Minneapolis topped $1 billion in new construction permits for the 9th straight year.
Of the $1.78 billion in permits, $804 million were from downtown’s Wards 3 and 7.
Downtown’s top 15 employers make up 23 percent of the downtown employee
count.
Eleven, featuring 118 condo homes, is the tallest building constructed in Minnesota
since 1992.
First Avenue celebrated its 50th anniversary.
Both Target Center and the Mpls Convention Center turned 30 years old.

 

top 15 downtown employers

1. Target (8,500 employees)
2. Hennepin Healthcare (7,111)
3. Wells Fargo (7,000)
4. Hennepin County (5,995)
5. U.S. Bank (4,968)
6. Ameriprise (4,842)
7. Xcel Energy (2,252)
8. City of Minneapolis (1,744)
9. RBC Wealth Management (1,575)
10. Strategic Education, Inc. (1,171)
11. Thrivent (1,161)
12. Federal Reserve Bank (1,158)
13. SPS Commerce (1,052)
14. Be The Match (973)
15. Deloitte (971)

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