$0
Average Rent
$1,538 average rent in Twin Cities, Q3 2026
0%
Occupancy Rate
95% occupancy rate Twin Cities, Q3 2026
0
T4Q Net Absorption
5,171 T4Q net absorption in Twin Cities, Q3 2026
0%
Annual Rent Change
2% annual rent change in Twin Cities, Q3 2026
0
BPS Annual Occupancy Change
10 BPS annual occupancy change in Twin Cities, Q3 2026
0
T4Q Unit Completions
4,193 T4Q net absorption in Twin Cities, Q3 2026
KEY TAKEAWAYS
- Demand in the Minneapolis market remained stable over the past year, and that stability now comes with trailing four-quarter absorption pulling ahead of new supply across most of the market’s 38 submarkets.
- Developers have all but stepped away here and the pipeline hasn’t been this thin in over a decade, down more than two-thirds from its 2023 high, with starts continuing to fall in step.
- Few Midwest markets can claim Minneapolis’s combination right now, third-best occupancy in the region and rent growth that’s far outpacing the national average.
MARKET OUTLOOK
The market should maintain relative balance between supply and demand over the coming quarters. Occupancy is projected to hold roughly steady as a temporary uptick in first-quarter 2027 deliveries work through lease-up before the broader pipeline continues to thin…
Twin Cities Advisors
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