Matrix Multifamily Twin Cities Report-May 2025 June 05, 2025

The Twin Cities’ Solid Stance

Advertised asking rents in Minneapolis-St. Paul were up 0.4 percent on a T3 basis through March, to $1,568, outperforming the national figure by 30 basis points. Transaction activity remained solid, recording $370 million in assets changing hands in the first quarter of 2025.