Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends
Simonson Real Estate
JANUARY 23, 2020
2010 – 2019: 40,000+ units delivered (market/affordable). 2010 – 2019: 31,000 affordable unit deficit. 2010 – 2019: 40% rent growth. Developing product with limited amenities, no parking, small unit footprint, targeting a rent significantly below typical luxury properties. New Supply. Rent Growth.
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