The Twin Cities multifamily market has been hot the past few years.
In the second quarter of 2012, vacancies reached a 10-year low and a new stock of inventory is expected as construction budgets continue to grow. The economy in the Twin Cities is also better than other Midwestern markets, with more than 20,000 new jobs added last year.
Here’s a look at what’s renting this week in Minneapolis and St. Paul, Minn.:
A one bedroom in renting in Uptown Minneapolis for $759/month.
Apartment is 750 sq. feet and offers new maple flooring
Features a new kitchen and stainless steel appliances
Location is ideal on Bryant Ave. and Lake Calhoun is nearby
A studio in downtown St. Paul is renting for $815/month
Located in the historic Lowertown Commons, originally the St. Paul Rubber Company in 1905
Studio is 480 sq. feet
Features include exposed heavy timber posts and beams and expansive windows.