Renters are flocking to Minneapolis’ suburbs in their search for apartment units, according to the latest research from Marcus & Millichap. Demand for suburban apartment units remains high despite a slowdown in multifamily construction, the company reported.
Marcus & Millichap recently released its 2025 Minneapolis Multifamily Investment Forecast Report, one that shows a local apartment market that is in the middle of a significant transformation, one that favors the suburbs and not urban apartment buildings.
“Suburban demand is intensifying as the region faces a slowdown in new construction and evolving policies,” said Todd Lindblom, first vice president and regional manager at Marcus & Millichap…