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Multifamily Supply Wave in Minneapolis Hits All-Time High, Among Highest Nationally

Construction Levels Set To Fall Sharply With Groundbreakings Hitting a Six-Year Low
By Brian Anderson
CoStar Analytics
March 27, 2024 | 9:04 P.M.

Trailing 12-month net completions of 13,200 units in Minneapolis' multifamily market represent an all-time high, nearly tripling the region's five-year pre-pandemic average. The 5% year-over-year total stock expansion ranks eighth-highest among the 52 markets nationally, with total stock of at least 75,000 units, the only Midwest market to rank inside the top 18.

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