{"id":10442,"date":"2026-01-30T08:12:00","date_gmt":"2026-01-30T08:12:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10442"},"modified":"2026-06-11T08:31:16","modified_gmt":"2026-06-11T08:31:16","slug":"twin-cities-multifamily-market-report-january-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/twin-cities-multifamily-market-report-january-2026\/","title":{"rendered":"Twin Cities Multifamily Market Report \u2013 January 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/twin-cities-multifamily-market-report\/\">Twin Cities Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Asking Rents Rise, Occupancy Shoots Up<\/h2>\n<p>The Twin Cities displayed mostly positive performance as 2025 wrapped up, with some fundamentals outperforming, as per the latest Twin Cities multifamily market report. The average advertised asking rent was up 0.2%, on a trailing three-month basis through November, to $1,609. In fact, the metro was the only major market that recorded growth during this time frame. Year-over-year, rents were up 3.2%, placing the metro third among larger U.S. markets, according to the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. Meanwhile, occupancy in stabilized assets shot up 60 basis points over 12 months, clocking in at 95.7% as of October, due to strong performance in Lifestyle assets.<\/p>\n<p><iframe id=\"datawrapper-chart-nvgx1\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Twin Cities vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/nvgx1\/1\/\" height=\"334\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Employment in the Twin Cities expanded by 0.7% as of August, with the metro adding 15,000 net jobs over 12 months. Education and health services led gains with 16,800 jobs, marking a 4.3% expansion year-over-year. The area\u2019s unemployment rate stood at 4.1% as of August, 20 basis points below the U.S. rate, according to preliminary data from the Bureau of Labor Statistics. Canterbury Park\u2019s planned 27-acre entertainment district is expected to further boost the leisure and hospitality sector. The project would be located south of the current 19,000-seat amphitheater, which is set to open next summer.<\/p>\n<p><iframe id=\"datawrapper-chart-XLi0e\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Twin Cities Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/XLi0e\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Only 4,911 units, or 1.8% of existing stock, came online this year through November across the metro, 100 basis points below the national rate. Meanwhile, transaction activity remains particularly strong, with $1.5 billion in assets trading in 2025 through November.<\/p>\n<p>Read the full Yardi Matrix Twin Cities Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8246-MatrixMultifamilyTwinCitiesReport-January2026\" rel=\"\"><strong>January 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Asking Rents Rise, Occupancy Shoots Up The Twin Cities displayed mostly positive performance as 2025 wrapped up, with some fundamentals outperforming, as per the latest Twin Cities multifamily market report. The average advertised asking rent was up 0.2%, on a trailing three-month basis through November, to $1,609. In fact, the metro was the only major [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[519,473],"class_list":["post-10442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2026","tag-twin-cities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Twin Cities Multifamily Market Report \u2013 January 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/twin-cities-multifamily-market-report-january-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Twin Cities Multifamily Market Report \u2013 January 2026\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/twin-cities-multifamily-market-report-january-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-30T08:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-11T08:31:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/10\/Twin-Cities-iStock-2223279193-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Twin Cities Multifamily Market Report \u2013 January 2026 - 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