Multifamily Demand Remains Strong Despite Apartment Development Slowdown in the Twin Cities
While the narrative might suggest an overabundance of multifamily housing in the Twin Cities, recent data paints a different picture. A Star Tribune article that was published this week highlights a significant decrease in apartment permits issued, with only 115 permits granted this April compared to April 2023 — a 55% drop. This contrasts with the rising demand for rentals driven by affordabilit...