Matrix Multifamily Twin Cities Report-September 2022 September 30, 2022

Investment Momentum Stays Up in the Twin Cities

Multifamily investors continue to be keen on Minneapolis-St. Paul despite moderating rent performance, with the $923 million of assets sold in 2022’s first seven months well above the same period last year and on track to surpass 2021’s peak of $1.7 billion. Deliveries have also hit the brakes, with construction starts almost at a standstill due to strict rent control regulations.