Matrix Multifamily Twin Cities Report-September 2024 September 19, 2024

Twin Cities Maintain Balance

Advertised asking rents in Minneapolis-St. Paul were up 0.1 percent on a T3 basis as of July, to an average of $1,512, 20 basis points below the U.S. growth rate . The metro’s transaction activity also picked up, with $624 million in assets changing hands, bucking national trends.