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Economic Analysis 20
<br />Commercial Land Site - SWC of Middle Street and Market Place Drive
<br />Employment Sectors and Trends
<br />Employment data by occupation and business/industry sectors provides an indication of the
<br />amount of diversification and stability in the local economy. Job sector composition also gives
<br />an indication of the predominant drivers of current and future demand for supporting commercial
<br />real estate sectors. The following tables display employment data by occupation sector and by
<br />business/industry sector for the area and region.
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<br />Comparing the industry sectors for the local market area (Minneapolis-St. Paul-Bloomington, MN-
<br />WI MSA) to Minnesota indicates the local market area is somewhat more heavily weighted toward
<br />the Finance/Insurance/Real Estate, Services, Information, Wholesale Trade, and
<br />Transportation/Utilities sectors. By contrast, the industry employment totals for Minnesota
<br />indicate somewhat higher proportions within the Agriculture/Mining, Construction, Retail Trade,
<br />Manufacturing, and Public Administration sectors. The following graphic further illustrates this
<br />comparison.
<br />Occupation Sector
<br />White Collar 3,503 62.6% 26,326 66.3% 77,288 63.4% 12,828 56.2% 3,613 62.5% 193,914 65.8% 1,339,969 66.2% 1,914,331
<br />Administrative Support 782 14.0% 5,408 13.6% 16,922 13.9% 3,075 13.5% 999 17.3% 40,595 13.8% 268,062 13.2% 396,017
<br />Management/Business/Financial 764 13.6% 6,378 16.1% 17,153 14.1% 2,666 11.7% 721 12.5% 43,622 14.8% 356,180 17.6% 481,237
<br />Professional 1,355 24.2% 10,838 27.3% 31,889 26.1% 5,139 22.5% 1,268 21.9% 83,825 28.5% 511,183 25.2% 735,223
<br />Sales and Sales Related 602 10.8% 3,702 9.3% 11,324 9.3% 1,948 8.5% 625 10.8% 25,872 8.8% 204,544 10.1% 301,854
<br />Services 932 16.6% 6,390 16.1% 22,407 18.4% 4,627 20.3% 943 16.3% 53,022 18.0% 325,486 16.1% 519,239
<br />Blue Collar 1,164 20.8% 6,996 17.6% 22,264 18.3% 5,354 23.5% 1,222 21.1% 47,568 16.2% 359,112 17.7% 630,348
<br />Construction/Extraction 269 4.8% 1,284 3.2% 3,935 3.2% 655 2.9% 192 3.3% 9,094 3.1% 79,121 3.9% 136,085
<br />Farming/Fishing/Forestry 31 0.6% 110 0.3% 260 0.2% 99 0.4% 38 0.7% 484 0.2% 4,724 0.2% 19,397
<br />Installation/Maintenance/Repair 67 1.2% 749 1.9% 2,457 2.0% 490 2.1% 104 1.8% 5,664 1.9% 53,414 2.6% 91,791
<br />Production 408 7.3% 2,870 7.2% 9,296 7.6% 2,614 11.5% 474 8.2% 18,027 6.1% 123,196 6.1% 212,762
<br />Transportation/Material Moving 389 6.9% 1,983 5.0% 6,316 5.2% 1,496 6.6% 414 7.2% 14,299 4.9% 98,657 4.9% 170,313
<br />Total Employees (16+ Occupation Base) 5,598 100.0% 39,711 100.0% 121,962 100.0% 22,809 100.0% 5,778 100.0% 294,504 100.0% 2,024,567 100.0% 3,063,918
<br />Source: ESRI; Compiled by NKF
<br />1-Mile Radius Little Canada City Ramsey County3-Miles Radius
<br />Current Employment by Occupation Sector
<br />Minne5-Miles Radius 55117
<br />Minneapolis-St. Paul-
<br />Bloomington, MN-WI
<br />MSA
<br />Industry Sector
<br />Agriculture/Mining 50 0.9% 149 0.4% 284 0.2% 111 0.5% 78 1.3% 753 0.3% 12,677 0.6% 52,895 1.7%
<br />Construction 356 6.4% 1,806 4.5% 5,456 4.5% 840 3.7% 245 4.2% 12,790 4.3% 119,184 5.9% 196,941 6.4%
<br />Manufacturing 640 11.4% 4,981 12.5% 15,210 12.5% 3,191 14.0% 797 13.8% 33,188 11.3% 264,241 13.1% 401,679 13.1%
<br />Wholesale Trade 225 4.0% 1,279 3.2% 3,158 2.6% 609 2.7% 289 5.0% 7,624 2.6% 60,259 3.0% 89,255 2.9%
<br />Retail Trade 509 9.1% 3,679 9.3% 11,727 9.6% 2,015 8.8% 553 9.6% 26,947 9.1% 205,423 10.1% 321,482 10.5%
<br />Transportation/Utilities 347 6.2% 1,754 4.4% 5,227 4.3% 1,198 5.3% 374 6.5% 12,504 4.2% 98,978 4.9% 149,316 4.9%
<br />Information 153 2.7% 789 2.0% 2,396 2.0% 440 1.9% 160 2.8% 5,732 1.9% 37,131 1.8% 51,207 1.7%
<br />Finance/Insurance/Real Estate 394 7.0% 3,080 7.8% 8,310 6.8% 1,391 6.1% 366 6.3% 21,552 7.3% 169,859 8.4% 218,106 7.1%
<br />Services 2,705 48.3% 19,870 50.0% 63,933 52.4% 11,825 51.8% 2,765 47.9% 157,923 53.6% 975,012 48.2% 1,458,882 47.6%
<br />Public Administration 221 3.9% 2,324 5.9% 6,262 5.1% 1,189 5.2% 152 2.6% 15,491 5.3% 81,803 4.0% 124,155 4.1%
<br />Total Employees (16+ Occupation Base) 5,598 100.0% 39,711 100.0% 121,962 100.0% 22,809 100.0% 5,778 100.0%294,504 100.0% 2,024,567 100.0% 3,063,918 100.0%
<br />Source: ESRI; Compiled by NKF
<br />3-Miles Radius
<br />Current Employment by Industry Sector
<br />1-Mile Radius 5-Miles Radius 55117 Little Canada City Ramsey County
<br />Minneapolis-St. Paul-
<br />Bloomington, MN-WI
<br />MSA Minnesota
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