Matrix Multifamily Twin Cities Report-January 2026 January 21, 2026

The Twin Cities persevere

Average advertised asking rates were up 0.2 percent on a T3 basis through November, to $1,609 and 50 bps above the national rate. Developers only delivered 4,911 units through November, accounting for 1.8 percent of existing stock and 100 bps below the national rate.