Twin Cities is the 18th largest multifamily market with 239,891 completed units and 68,223 units in development, 11,431 of which have already broken ground, as of September 2022.
Twin Cities Multifamily Market Summary – September 2022
New lease asking rents are at $1,456, up 2.7%▲
from the previous year placing Twin Cities at
119th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – August 2022
New lease asking rents are at $1,461, up 3.7%▲
from the previous year placing Twin Cities at
118th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – July 2022
New lease asking rents are at $1,458, up 4.0%▲
from the previous year placing Twin Cities at
119th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – June 2022
New lease asking rents are at $1,466, up 5.0%▲
from the previous year placing Twin Cities at
119th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – May 2022
New lease asking rents are at $1,456, up 5.2%▲
from the previous year placing Twin Cities at
120th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – April 2022
New lease asking rents are at $1,438, up 4.7%▲
from the previous year placing Twin Cities at
121st overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – March 2022
New lease asking rents are at $1,433, up 5.0%▲
from the previous year placing Twin Cities at
120th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – February 2022
New lease asking rents are at $1,426, up 5.2%▲
from the previous year placing Twin Cities at
120th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – January 2022
New lease asking rents are at $1,426, up 5.2%▲
from the previous year placing Twin Cities at
120th overall in year-over-year rent growth.
Twin Cities Multifamily Market Summary – December 2021
New lease asking rents are at $1,415, up 4.9%▲
from the previous year placing Twin Cities at
115th overall in year-over-year rent growth.
