Q3 2025 Minneapolis Multifamily Report

Market Overview

‍The Minneapolis–St. Paul multifamily market remains solid heading into Q3 2025, with average asking rent at approximately $1,590 per unit (+2.2% year-over-year) and stabilized occupancy near 95.5%. New deliveries through mid-year were moderate, helping the pipeline of under-construction units ease, which supports the near-term rent growth outlook.

‍About Cushman & Wakefield

‍Cushman & Wakefield is a global commercial real estate advisory firm providing research, valuation, brokerage and capital-markets services across property types. Their Q3 2025 Minneapolis–St. Paul multifamily MarketBeat report combines metro-level data on rent trends, occupancy, new supply and pipeline activity to help owners, developers and investors refine strategy and assess timing. To read the full report, click here.