June 2016

Found 2 blog entries for June 2016.

IBM Rochester IBM’s Rochester, MN campus is unloading a significant portion of real estate, and according to reports, it could be potentially selling as much as 1 million square feet to an external real estate developer. Although the computing company has suffered years of cutbacks, there seems to be no indication that additional personnel changes will follow such a dramatic move.

IBM will still maintain eight buildings on campus and reconfigure much of that space into collaboration-style work spaces—a trend that seems to be catching on in offices all over the country.

At its peak, the IBM campus in Rochester ballooned to over 3.6 million square feet and had over 8,000 employees, but in 2013, much of its manufacturing department moved out of the area and a large

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Rochester, MN Job GrowthOver the next 20 years, it’s estimated that the substantial Mayo Clinic expansion will contribute in bringing well over 30,000 more residents to the Rochester area, prompting some city officials to already worry about housing shortages in town, especially when it comes to affordable places to live.

As previously reported by numerous outlets when the project was first announced, the Mayo Clinic plans to spend around $3.5 billion to improve and expand its Rochester campus, and those improvements along could also attract over $2 billion more in other additional private investments to the city.

According to recent studies, Olmsted County as a whole has a widespread shortage of affordable housing available to potential home buyers and renters, with just 32

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