Matrix Multifamily Twin Cities Report-May 2024 May 16, 2024

Rents on Upward Trajectory

Twin Cities rents rose 0.3 percent on a T3 basis through March, to $1,500, continuing positive performance that began in November 2023. Year-over-year, rents are projected to grow 1.4 percent this year, having increased 2 percent in March. .