Voracious Renter Demand Continues to Drive Multi-Family Market

CWNCompass_MultiFamily_Jan2016_Page_1The Twin Cities has enjoyed more than four years of sub-3% vacancy. That is a testament to the strong demand in the market, which is all the more notable given the influx of new supply.

Cushman & Wakefield’s Robert Dulin shares his thoughts on the rising rental rates and new market developments continuing in 2016. “We believe the Minneapolis multi-family market will continue to thrive in the second half of 2016, fueled by solid rent growth and low vacancy across all property types. The development trend moving into the rest of 2016 is focused on best-in-market suburban locations, where over 60% of the current developments are located. The amount of larger deals trading hands should continue, driven by low interest rates and strong fundamentals.”

For details on the Twin Cities Multi-Family Market and much more, subscribe to the Compass Report.

Robert Dulin is an Associate in the Capital Markets Group.

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