Minneapolis apartment rents jump 7 percent


Minneapolis skyline

Image by stevelyon via Flickr

The rental market is going strong.  Maybe worth considering purchasing rental properties…

Market rents for downtown Minneapolis apartments are up an average of 6.9 percent to $1,213 per month, from $1,135 at the same time last year, according to the report.

At the end of the second quarter, vacancy in the Downtown Minneapolis market declined to just 1.2 percent, down from from 6 percent a year ago…

In the Uptown neighborhood of Minneapolis, the vacancy rate is 1.9 percent.

Metrowide, the market posted a 2.4 percent vacancy rate, down from….read full story

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3 Comments

Filed under real estate, new construction, development, wayzata real estate, foreclosures, economy

3 responses to “Minneapolis apartment rents jump 7 percent

  1. Pingback: Stalled 36-story condo tower relaunched as rental « craigkamman

  2. Pingback: Twin Cities Rental Market is booming: Plymouth Park Place Apts Sold for $54.7million | craigkamman

  3. Pingback: Stamp Duty Information: Houses For Rent Minneapolis | Stamp Duty: Why Pay It?

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