Matrix Multifamily Twin Cities Report-Summer 2021 September 15, 2021

On the mend in the Twin Cities

On a trailing three-month basis through July, rents grew by 0.5%, averaging $1,381. Investment remained strong, with $522 million in multifamily assets changing hands in the first seven months of the year. Developers already completed 4,232 units and Yardi Matrix expects deliveries to hit 8,355 units this year, which would mark a cycle peak.