CRE W Minnesota

Vacancies to rise -- but so will asking rents -- in Twin Cities' multi-family sector

The Twin Cities' multi-family market remains strong as 2012 heads into its third month. In this, Minneapolis/St. Paul is hardly alone; multi-family ranks as the top commercial market in most major Midwest cities. But the Twin Cities do boast of one unusual fact: While landlords are expected to fetch higher rents this year, the vacancy rate of Minneapolis/St. Paul multi-family properties is actually expected to rise.